Never mind STAB; other investors are using BRATS as the investment acronym to describe the current (crazy?) market phenomenon driving the likes of Tesla etc to record highs.
BRATS stands for Bitcoin, Russell ETF, Cathy Wood's ARK ETF, Tesla and SPACS (special purpose acquisition vehicles).
If anybody else has got a better acronym, do get in touch via the usual channels.....
Sitting in the office on a sunny Saturday afternoon gave Betaville a bit of time to go through the newspapers properly - and in doing so I stumbled across this rather fantastical column in The Daily Telegraph by Matthew Lynn.
In a piece entitled "Time for someone in Europe to step up and snap up Tesla" Lynn dedicates a whole column to the idea that Tesla - the controversial car company led by even more controversial Elon Musk - should be bought...
Oh look - Elon Musk / Tesla has/have abandoned the plan to take the $70 billion company private. Below is a link to an FT piece with the news:
Yes, it's that time that time of the year known as silly season (or the dog days of summer if your from across the pond).
In Europe, chief executives, bankers and hedge fund managers slope off to their villas or yachts in the Mediterranean while the juniors remain in the office to keep an eye on things...