Stocks
Vivian Tu says 'your guy friends are getting duped' by Elon Musk's SpaceX IPO: 'You are some rich guy's exit strategy'
The former JPMorgan trader says the much-hyped IPO is really a cash-out for early investors who got in a decade ago, warning regular people could end up holding the bag.
NYU's 'dean of valuation' Aswath Damodaran says SpaceX is worth $1.3 trillion — not the $1.75 trillion IPO price Elon Musk set
Aswath Damodaran argues the company's notions about what it could earn are pushing beyond 'what’s plausible.'
Bank of America strategist says only 20 S&P 500 stocks hit record highs in May — the same number as the dot-com bubble peak in 2000
After a record May, only 20 of the S&P 500’s stocks also managed to close at record highs — the same as in March 2000.
