The last 12 months have seen several bubbles burst. Take meme stocks such as GameStop and AMC, as well as dogecoin."One by one, we've checked off every condition that the glorious bubble needs. And in terms of crazy behavior, this has been crazier, by a substantial margin, than 1929 and 2000," Jeremy Grantham, GMO's co-founder and chief investment strategist, told CNBC's "Closing Bell.""Tesla [added] almost [$]200 billion in market cap in a week's span ..
There are still areas in the market worth investing in that aren't trading above intrinsic value, according to investors who spoke with CNBC. "How does one make money in a growth bubble? ... Not every stock clearly is in a bubble. There are some very much unloved, under-researched, underowned pockets," said Chiappinelli.