Investors are too bullish for markets to have seen a sustainable bottom and stock prices have further to fall, according to asset management firm RB Advisors. Dan Suzuki, the firm’s co-chief investment officer, published a seven part argument that lower, not higher, asset prices are on the horizon inThe U.S. market remains expensive and that is the primary reason for Mr. Suzuki’s pessimism. Valuations are well down from their peaks but the forward price-to-earnings ratio of 16.
Analysts, also pessimistic at bottoms, are now bullish. Buy ratings make up 57 per cent of the total, four percentage points higher the five-year average. Mr. Suzuki’s fifth reason for lower markets is for me the most compelling: “Bubble stocks still dominate portfolios and headlines.” During the 1990s tech bubble, the sector’s share of the S&P 500 eventually dropped from 41 per cent to 16 per cent. Tech stocks continue to dominate the S&P 500 now, having fallen only three percentage points to 37 per cent.
Ldr ship c19=bust systems/Rites RU 2 continu printing $ Its already known JT announced in mid 2020 he would use 'c19 as an opportunity' 2 'shift' economy N. Amer is busting the 5 raw industrys under c19 + climate Hoax. farming mining forestry Oil/G Fishing trapping =Famine
Sounds like the Globe just called the bottom 😂