Wall Street Struggles To Determine What's Real And What Isn't
Comparisons to the bursting of the dot-com bubble, which knocked almost 83% off the Nasdaq, are inevitable as speculative stocks lead the way down.
Comparisons to the bursting of the dot-com bubble, which knocked almost 83% off the Nasdaq, are inevitable as speculative stocks lead the way down.
Volatility is here to stay but investors with a long-term strategic asset allocation plan are more confident in this market environment, she says.
Concerns regarding the tension between Russia and Ukraine have led to investors trying to offload risk. However, this should not be overdone.
He sees headwinds for a stock market that has been “supported by QE” and now faces Fed tapering, with Powell sounding “more hawkish" every day.
Many investment professionals perceive Shiller as carrying a big red pitchfork and sporting horns and a tail. But Shiller’s research is a money-maker.
“The Fed missed a golden opportunity to catch up with realities on the ground. Instead, it has fallen further behind,” the PIMCO chief says.
In the end O'Rourke says Powell's vague language breeds uncertainty around inflation, which he argues is "a phenomenon well beyond his control."