economy
The end of ‘The Magnificent 7’: the problem with stock nicknames
A cynic would say such monikers are made up by professionals looking to hype markets — I think ‘The Mag 7’ is much more dangerous than that
TL;DR
- Nicknames for stock groups, like 'The Mag 7', can be seen as professional hype.
- The author believes 'The Mag 7' is more dangerous than just market hype.
- The danger of 'The Mag 7' extends beyond superficial market excitement.