Are tech stocks now good value?
Perhaps they are—which will not please their owners
As any savvy shopper knows, there is a world of difference between a sale and a deal. Just because something is discounted from its initial price does not mean that it is worth buying—perhaps the sticker price was far too high originally, the discount is too small or the item is simply poor quality. Such considerations will be on the minds of people hitting the shops on November 25th for “Black Friday”, a mammoth sale which follows America’s Thanksgiving holiday.
This article appeared in the Finance & economics section of the print edition under the headline “The sock parallel”
Finance & economics November 12th 2022
- The spectacular fall of FTX and Sam Bankman-Fried
- Economic growth no longer means higher carbon emissions
- Financial markets bet on an end to China’s “zero-covid” policy
- Are tech stocks now good value?
- Who wins from the unravelling of Sino-American trade?
- Interest rates have risen sharply. But is monetary policy truly tight?
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