Is a bubble forming around the stock market (^DJI, ^IXIC, ^GSPC)? And if so, is it about to burst?
B. Riley Wealth Management Chief Investment Strategist Paul Dietrich sits down with Yahoo Finance to discuss whether certain sectors of the market are becoming overvalued and if the equity market is edging closer to correction territory.
“I’m sure that every analyst… is looking at all the different valuation methodologies, and they’ve got to come to the same conclusion because there’s no ambiguity here,” Dietrich says about the probability of a market bubble. “It is bizarrely overvalued in most of these things. And so, you’re seeing the smart money right now moving massive amounts into cash.”
#youtube #stockmarket #stocks
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