By Nicholas Vardy Both conventional market analysis and historical comparisons tell us that the U.S. stock market is in a bubble.
Today, Nicholas Vardy explains what that means for investors.
When investors ask me, “Are we in a bubble?” I always give the same unsatisfying answer: “It depends.”
That’s because the picture is mixed. Some markets are partying like it’s (still) 1999. Other markets have not been this cheap since most Wall Street brokers were in diapers.
Today, a wide variety of “microbubbles” dot the financial landscape. Microbubbles include everything from privately held Silicon Valley unicorns… to cryptocurrencies… to the share price of Tesla (Nasdaq: TSLA).
But today, …read more
