[ad_1]
Investor Harald Moræus-Hanssen sees frightening trends in the markets.
The 57-year-old is known as the former CEO of Fearnley Fonds and has built a significant portfolio of investments in real estate and the stock market through the investment company Uthalden.
According to Kapital, Harald Moræus-Hanssen has a decent fortune, which in 2020 was valued at NOK 1.5 billion. Through its investment company, Moræus-Hanssen has made significant investments in oil and gas.
In a recent interview on Dagens Næringsliv on Thursday, the profiled investor says he sees signs of bubbles in the currency, bitcoin and equity markets. You are concerned about a number of companies large and small that have gone public and raised fresh money, and that speed and prices are of concern.
He fears that if a popular stock starts falling, it will drag further.
– It could be a trap. There must be many disappointments, Moræus-Hanssen tells DN.
Bubbly trends
A stock bubble is a condition in which the stock market is characterized by artificially high stock prices. Many people think especially of the dot-com bubble of the late 1990s, which was marked by intense speculation that inflated the value of Internet-related companies. Speculators bought dot-com stocks at a high price, believing that they could be sold at an even higher price later. Eventually the bubble burst and the stock market tumbled 10 percent, and many of the dotcom companies disappeared.
Many of today’s newcomers to the stock market are so-called green stocks: the renewable investments of Kjell Inge Røkke, Aker Offshore Wind and Aker Carbon Capture, as well as the hydrogen company Nel and the plastic handling company Quantafuel.
Several of the stocks have risen sharply in the past year, but have fallen somewhat in the past.
The fact that more ordinary people, who don’t have the job of trading stocks, have become more active in the stock market, may contribute to the bubbling trends, Moræaus-Hanssen believes.
– Participation in capital markets is now increasing. We now see participation among small savers and small investors that is at a level that is symptomatic of earlier times when it has been scary to be in the capital market, Moræus-Hansen tells DN.
The investor also tells the newspaper that cryptocurrency such as bitcoin has “an element of pyramid schemes,” but that he understands that more people view this type of currency in light of monetary pressure from central banks around the world.
– Many in this green race have no idea what they have bought.
On Tuesday, Nettavisen reported that several green stocks have made a recent comeback. Jan Petter Sissener believes that the price drop we are seeing now is a correction.
– The money has dried up a bit now. Many of these companies in the Euronext index are too highly valued, which is only based on the fact that there is another buyer down the road, rather than the value actually being counted as home, Sissener told Nettavisen on Tuesday.
Read the case here: Prices plummet for green stocks
Sissener believes that the market will become more balanced over time:
– Many in this green race have no idea what they have bought. Many of the companies are highly risk-oriented and have a completely sick valuation. Eventually there will be an opportunity to buy the good stocks at a more correct price, Sissener told Nettavisen on Tuesday.
Read more: The soccer star fails to sell the super villa: He dumps the price again
Advertising
Today only: 30 percent on everything at Christiania Glasmagsin
