Air has been hissing out of the technology bubble since March. This looks set to continue as investors seem to have realised they got a bit carried away, says the Wall Street Journal.
Prices and valuations in the hottest sectors have slipped but merely from insanely to absurdly overpriced.
Twitter is still on 285 times next year's earnings, down from over 1,000 in March. The forwardprice-to-earnings ratios of other social media stocks are still eye-watering too.
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British Airways revamps Avios scheme bringing down flight prices to £1With the new Avios part-payments scheme you can now bag a British Airways flight for as little as £1
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RBS to close a fifth of branchesRoyal Bank of Scotland plans to shut 18 branches across Scotland, resulting in the loss of 105 jobs. We have the full list of closures.
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What would the greatest mathematician of the Middle Ages say about gold today?Sponsored Italian mathematician Fibonacci is most famous for a curious sequence of numbers. Continuing his series on technical analysis, Dominic Frisby explains what these numbers are, and what they can tell us about gold’s next move.
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How moving averages can reveal trades worth betting on – and ones to avoidSponsored Dominic Frisby looks in more depth at how moving averages can help you catch turning points in markets and help you decide which trades are worth pursuing.
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This chart pattern could be extraordinarily bullish for goldCharts The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that investors could retire on.
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Believe it or not, this market is a “buy”Charts With the world in the state it’s in and the market so volatile, buying stocks right now might go against all your instincts. But that’s just what you should be doing, says Dominic Frisby. Here, he explains why.
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Chart of the week: avocados and bitcoin are in syncCharts An amusing new spurious correlation has been spotted between the price of bitcoin and Mexican Hass avocados. In reality, of course, they have nothing to do with each other beyond “superficial price action”.
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Chart of the week: Kuwait's stockmarket is ready for take-offCharts Kuwait's stockmarket is due to be promoted from “frontier” status to an emerging market by index provider MSCI next June. That should entice almost $10bn of global investors’ cash into the country.
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Chart of the week: US stocks outrun profitsCharts The US stockmarket has become totally detached from underlying profits of its constituent companies over the past three years.
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Chart of the week: Dr Copper diagnoses an ailing economyCharts The price of copper has slipped by a fifth this year and is now at a near-two-year low of around $5,600 a tonne.
