by Kerry Lutz, Financial Survival Network:
John Rubino returns… Goldman Sachs warns of a dangerous bubble in 39 hot stocks. Bridgewater’s Dalio sees U.S. divided, in ‘terrible financial state.’ It’s a bubble now, it’s official. Microsoft and Sony are coming out with new consoles so Game Stop is of course taking off to the moon! Robinhood traders love Game Stop, time to get out? Does it have a future? This is what happens when markets are over hyped and excitied. You never know in a bubble market. Bubble is all over the place. New all-time low junk bond yield. U.S. corporate buybacks are on the rise. Goldman’s clients are freaking out about a stock bubble they list 39 bubble stocks! Is selling pressure beginning to percolate? Remember the market can stay irrational longer than you can stay solvent. More stocks are trading 10 times sales now than in1999, the last time it happened. Beyond any previous bubble. A market takes the escalator up and the elevator down. The stay at home stock bubble, doing great as long as the lockdowns continue, ie Netflix.
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