David Einhorn’s Greenlight Warns That Tech Stocks Are in a Bubble. Will Anyone Listen?

The value-driven long-short fund, down by double digits this year, said it has established a fresh “bubble basket” of short positions.

David Einhorn (Andrew Harrer/Bloomberg)

David Einhorn

(Andrew Harrer/Bloomberg)

Greenlight Capital founder David Einhorn has just issued a stark warning, telling investors he believes equity markets are in the middle of “an enormous tech bubble.”

“We prematurely identified what we thought was a bubble in early 2016,” Greenlight stated in its third-quarter letter to investors, obtained by Institutional Investor.

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