![]() ![]() ![]() “We haven’t called the last year correctly,” Mr Packer said. Are We Living in a Stock Market Bubble By Rachel Warren, Jason Hall, Toby Bordelon, and Jose Najarro at 6:30AM You’re reading a free article with opinions that may differ from The. The most obvious sign of the 'everything bubble' is the. Over the fund’s 20-year history, it has returned an average 11.9 per cent per annum, versus 5.8 per cent for the MSCI Index. The stock market even plunged on Christmas Eve 2018, normally a quiet trading day, which seemed to be the final straw for Fed officials. The Investigator Trust returned 1.8 per cent over the past year, versus 28.1 per cent for the MSCI World Accumulation Index and says its significant cash weighting of 38.9 per cent is the right thing to do by its clients. “Right now, we believe we are in a giant stock market bubble with asset prices at ridiculously high valuations while economies run hot on government largesse. The bears are inevitably too early, and by the time the market rolls over, the vast majority have given up. “It’s like we’re all on the Titanic and everyone’s having a drink on the top deck,” Mr Packer said. The ugly truth about bubbles is that both the bears and the bulls end up losing. Willy Packer, the 30-year veteran of $2.1 billion Perth-based asset manager Packer & Co, used the fund manager’s Investigator Trust June report to caution investors riding record highs in the sharemarket. One of Western Australia’s long-standing asset managers has warned of a crazy global sharemarket bubble at the same time as lauding the state’s booming local economy.
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