As The Stock “Bubble” Continues There’s More Pain Ahead For Investors

Stock bubble. Guest post from Jonathan Rochford, CFA, Portfolio Manager, Narrow Road Capital Pty Ltd.

Markets have that euphoric feeling to them, with Americans most upbeat about stocks since 2000. Buffet’s favourite measure says stock are getting close to 2000 level of stupidity, having surpassed 2007. Jesse Felder has a range of indicators showing that US stocks are at unprecedented highs. The post-election rally is being pinned on retail buyers, institutional investors have been net...

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