‘Big Short’ investor Eisman says the easy days of buying tech stocks to beat the market are over
Gone are the days when investors could win by simply buying technology stocks, Steve Eisman of "The Big Short" fame said on Monday. "I think the days of people beating the market by just investing in tech are going to be over, and we're going to go to a new paradigm," Eisman, senior portfolio manager at Neuberger Berman, said on CNBC's " Squawk Box " Monday.
"I think the days of investing in companies that have no earnings or have multiples of 200 times will be gone." Some short-term Treasury yields have surged to the highest level since the Global Financial Crisis amid the Fed's rate hikes. Six-month and one-year yields have both surpassed 5% for the first time since 2007.
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