With Brett Arends, Award-Winning Financial Journalist at MarketWatch, Author – Storm Proof Your Money
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Stock indexes hit record highs last week, and while the market is not a bubble that’s overvalued and due to pop, there certainly is a fair amount of froth out there… with several stocks perfectly priced and perhaps at risk of popping if earnings do not justify their valuations – such as recent IPOs in the fast-casual restaurant business.
Brett Arends is also concerned that people who have no clue about stock valuations or reading income statements are happily investing in stocks – truly akin to gambling. He sees a fair amount of excess enthusiasm in certain sectors of the market and cautions investors to not get carried away in this hot phase of the current bull market.