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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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On Bubble Watch - latest memo from Howard Marks

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  • Let me see. In 2023-4, the SP500 made over 50%.
    In the last 15 years, about 13.8% annually.

    * Valuation are high
    * The next 2 years will not be as good as the last 2 years.
    * There is a good chance the SP500 will go down 10-15% in the next 2 years.
    WOW
  • edited January 21
    not different from what David Giroux said.

    Irreverence is in vogue. It speaks volumes about comprehension skills.

    blame it on David Snowball.

    P.S.: Prof Damodaran discloses his stock investments and trades.
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