Overvaluation That Is Not Quickly Addressed Becomes Locked In to Stock Prices

A recent article at the Of Dollars and Data site argued that No, This Isn’t a Repeat of the Dot.com Bubble. The idea is that investors should not be too alarmed by today’s high stock valuations. I disagree. I thought that it might be helpful for me to respond to a number of points made in the anti-alarm case by showing how alarm really is justified.Q2 2020 hedge fund letters, conferences and moreMarket Bubbles Only Reveal Themselves After BurstingThe article states that: “One of the hallmarks of market bubbles is that no one can see them coming until after they burst” Otherwise, everyone would…

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HEDGE accordingly