Bernard Baumohl Quotes
[For investors, tech stocks have always been wobbly, with their stratospheric price-to-earnings ratios and fluid business plans -- now they're starting to careen, mostly downward, with regularity, and other bets are only getting better.] The higher interest rates go, the more lucrative bonds and T-Bills are... When 30-year bond yields get over 7 percent, with absolutely no risk, money gets shifted out of the techs and put elsewhere. 
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Investors | Tech | Stocks | Wobbly | Stratospheric |
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With household finances already under considerable stress, one has to wonder if another round of rate hikes will lead to a more severe cutback in consumer spending.
- Bernard Baumohl
