Riding The Bubble
By the end of jobs week in the US, market participants were still asking the same general question: Are equities a bubble?
Nobody knows for sure. Because there's no set definition of "bubble" in this context. But Miller Tabak's Matt Maley knows one thing for certain. There's "a decent amount" of "froth" in markets. That means next week's a good time to raise cash, according to remarks quoted by Bloomberg.
The more specific bubble questions revolve primarily around market concentration, and the