Tesla is joining the S&P, and maybe we should worry

Bloomberg Opinion Today
Bloomberg

When Tesla Joins the S&P 500, You Know It's Game Over — David Fickling

In an anecdote often attributed to President John F. Kennedy's father, the moment he knew to get out of the 1920s stock market boom was when he started receiving share tips from his shoeshine boy. 

You can make a similar argument about the moment that leading equity indexes finally give their blessing to an up-and-coming stock. The latest and most dramatic instance of that will happen next month, when the S&P 500 will admit Tesla Inc. through its club doors for the first time.

Take Yahoo Inc. The archetypal dot-com business found its way into America's prime share index in December 1999, just four months before a collapse in internet stocks that took the U.S. more than a decade to recover from. New admissions in the mid-2000s were rich with real estate plays such as CBRE Group Inc., Boston Properties Inc. and Kimco Realty Corp. Those companies were then hammered by the subprime and 2008 financial crises. Is this time really going to be any different?

Read the whole thing.

Michigan's Failed Coup Should Live in Infamy — Noah Feldman

Ray Dalio Has a Point About Bitcoin At $18,000 — Lionel Laurent

Where Biden Can Find $1 Trillion — Natasha Sarin

Covid Is Increasing America's Lead Over China — Tyler Cowen

Trump's Temper Tantrum on China, Iran and U.S. Troops — James Stavridis

What's the Cheapest Way to Save All Those Phone Photos? — Alex Webb

What Happens When Singapore Runs Out of Sand? — Daniel Moss

Pfizer Vaccine's Safety Milestone Is Just the Beginning — Therese Raphael

Moderna's Vaccine Win Is a Giant Leap Against Pandemics — Max Nisen

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership.

 

Like Bloomberg Opinion Today? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close.

Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. Learn more.

 

Comments

Popular posts from this blog

अभिषेक बच्चन ने कहा- पापा ने मेरे लिए कभी कोई फिल्म नहीं बनाई, उन्होंने कभी मेरी मदद नहीं की

The speech that sunk the world's biggest IPO

10 Must-Watch Movies