SPCX Falls More Than 50% From Lifetime High, Peter Schiff Calls It ‘Dangerous’ to Buy Into Hype
Peter Schiff warns against investing in hype surrounding stocks, pointing to Elon Musk-led SpaceX's recent decline as example.
SpaceX stock has dropped a lot from its best price ever, and an expert is warning people not to buy things just because everyone is excited about them. When a popular company's stock falls sharply, it's a good reminder to think carefully about whether the price makes sense, not just jump in because the company sounds cool.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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