Hedge Fund CIO: The End Of This Cycle Has Started, As Wildly Excessive Hopes And Dreams Won't Be Justified By Earnings

By Eric Peters, CIO of One River Asset Management

“Markets are priced on the basis of earnings, hopes, and dreams,” said Sparks, investor, entrepreneur, iconoclast, early to the AI theme. “In 2010, investors were so bearish that they placed a negative value on hopes and dreams - the stock market was so cheap,” he said. “The hopes and dreams of today’s market have been building for years. And between Tesla and now SpaceX, investors are finally able to express all the themes that have captured their imagination.”