From 2000 to 2002, investors learned how brutal the stock market could really be, as the dot-com bubble burst and technology stocks plunged. Today, millennials too young to remember that catastrophe are behind the trading in digital currencies and marijuana stocks, whose values rise and fall with startling swiftness, making them all the more attractive to speculators. With their grass-roots following, crypto and cannabis are lining up to be the textbook bubbles of the modern era, writes financial journalist Joe Wiesenthal. His concise take on a new investment landscape will interest investors and traders.
In this summary, you will learn
- Why trading in digital currencies and marijuana stocks has risen,
- How this speculation hearkens back to the days of the dot-com bubble, and
- How crypto and cannabis reflect investor mind-sets after the 2008 global financial crisis.
About the Author
Joe Weisenthal is executive editor for digital news at Bloomberg.