Many analysts feel we're witnessing a bubble formation, like that which formed, and burst, in 2000, but MoneyShow’s Tom Aspray shares why he feels it's too early to make that call, given the differences between the two markets.
The long awaited Twitter IPO did better than expected, as it closed
Thursday 70.8% above the initial offering price. The S&P futures
had turned lower by the opening, and closed very weak. It appeared that
someone was paying attention to the financial networks and their
segments on whether it was a “stock market bubble.”
This discussion may have been in reaction to comments on October 29,
by BlackRock’s Chief Executive Officer Laurence D. Fink, who said “Fed
policy is contributing to bubble-like markets, such as the surge in
stock prices.” BlackRock manages a reported $4.1 trillion in assets,
which makes it the world’s largest money manager. (more)
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