However, it found that 5% of the top 1,000 US companies are in"extreme bubbles."Ray Dalio's bubble indicator suggests US stocks aren't trading at unsustainable prices and could climb higher.
However, Dalio noted that 5% of the top 1,000 US companies — including several emerging-technology players — are currently in"extreme bubbles." Still, that's less than half of the percentage at the height of the dot-com boom.
Its reading for new buyers is in the 95th percentile, largely due to the boom in retail investing. Bullishness is in the 85th percentile, partly due to the"exceptionally hot" IPO market, which has been supercharged by a flood of special-purpose acquisition companies or"SPACs."
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