Thursday, 27 April 2017

Don’t Worry: “It’s Only 1997” Besides “It’s Different This Time”

MishTalk



Two articles in the last two days, one on Bloomberg, the other on the Wall Street Journal, provided key reasons we should not worry about stock market bubbles.
  1. It’s only 1997 (P/E valuations have not exceeded the dot-com bubble in 2000 yet)
  2. It’s different this time (always a classic argument)

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