Friday Morning Coffee Nr. 55: Bubble Talk

020519 Friday Morning Coffee

Friday Morning Coffee Nr. 55: Bubble Talk

One of the characteristics of the appearance of a bubble in financial markets is that most investors only take notice of the bubble once it is bursting and they suffer painful losses. We have been pointing for a long time now at the high valuation of the US stock market in general compared to its own history and compared to other developed markets like Europe. Our critics make the point that this valuation is well deserved...