Stock Bears Are Going Extinct. Time To Worry?
https://www.fa-mag.com/news/stock-bears-are-going-extinct--time-to-worry-80845.html
https://www.fa-mag.com/news/stock-bears-are-going-extinct--time-to-worry-80845.html
The Lonely Skepticism of a Bull-Market Skeptic
https://www.newyorker.com/news/the-financial-page/jeremy-grantham-is-still-waiting-for-the-bubble-to-pop
Grantham said that he wasn’t surprised in the least to see some erstwhile bears now making optimistic noises. “The longer the bubble lasts, the more people have to throw in the towel for self-preservation reasons,” he said. “In general, in finance, opposing a bubble is not a survival strategy.” During the dot-com boom, many bearish voices on Wall Street fell silent, and some left their jobs, as their firms sought to profit from the boom by promoting or investing in Internet and tech stocks. In such situations, Grantham said, the competitive pressures and financial incentives to join the crowd can be overpowering. He also cited the real-estate bubble in the years leading up to 2007, when many big banks plunged into the business of cobbling together subprime-mortgage securities, only to get stuck with some of them on their balance sheets when the bubble burst and the securities became practically worthless.
https://www.newyorker.com/news/the-financial-page/jeremy-grantham-is-still-waiting-for-the-bubble-to-pop
Grantham said that he wasn’t surprised in the least to see some erstwhile bears now making optimistic noises. “The longer the bubble lasts, the more people have to throw in the towel for self-preservation reasons,” he said. “In general, in finance, opposing a bubble is not a survival strategy.” During the dot-com boom, many bearish voices on Wall Street fell silent, and some left their jobs, as their firms sought to profit from the boom by promoting or investing in Internet and tech stocks. In such situations, Grantham said, the competitive pressures and financial incentives to join the crowd can be overpowering. He also cited the real-estate bubble in the years leading up to 2007, when many big banks plunged into the business of cobbling together subprime-mortgage securities, only to get stuck with some of them on their balance sheets when the bubble burst and the securities became practically worthless.
What luxury is telling us
https://www.ft.com/content/a98befd3-2b9f-4639-9de4-02186264aaf2
A softening in the market is a harbinger of things to come — in both equities and the real economy
https://www.ft.com/content/a98befd3-2b9f-4639-9de4-02186264aaf2
A softening in the market is a harbinger of things to come — in both equities and the real economy