Investors and experts voiced concern over a bubble in the US stock market.
S&P 500 returns are “extremely concentrated in a small group of tech stocks,” Apollo’s chief economist warned, ING analysts said markets were “more worried about a bubble… than a recession,” and Bank of America strategists argued that loosening monetary policy globally was fueling “bigger liquidity, bigger volatility, bigger bubble.”
Some investors are beginning to look elsewhere for returns, with a growing number choosing bargain-basement stocks: The market is “getting this kind of ’90s, dot-com bubble feel to it,” one private-equity executive told The Wall Street Journal. “I will be looking for other opportunities.”
