No Bubble Yet: How the Current Market is Different From the 1990s
By Dan Zolet, CFA® Associate Portfolio Manager SUMMARY Both today’s and the 90’s rally were technology driven. However, today’s multiples aren’t as stretched, and cash flow is more abundant, in our view. We do not believe the stock market is in the late stages of a ‘bubble.’ There is a common saying that ‘history doesn’t [...]
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