Stock Market Outlook: Biggest Stocks Are a Ticket Into 'Purgatory'
The stocks most popular with investors risk plunging as much as 70% in value, market veteran Bill Smead warned.
Source: businessinsider.com
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The stocks most popular with investors risk plunging as much as 70% in value, market veteran Bill Smead warned.
The Source for Market Opinions
A slew of economic indicators are still in "deep recession territory," one market vet warned, and stocks are at risk of a big correction.
If today's stock market is in a bubble akin to the 1990's, it would have to go parabolic to rival the price returns printed by the Nasdaq 100.
Markets have surged, but the rally hasn't been accompanied by high and rising leverage like previous bubbles in 1929 or 2008, Capital Economics said.