Traders working on the floor of the New York Stock Exchange are blur in this time exposure, just before the opening bell, 11 May, 2004.UBS's Mark Haefele said in a Friday note that while cryptocurrencies and SPACs show signs of"irrational exuberance," investors shouldn't worry that the whole stock market is in a bubble.
But large parts of the stock market are not expensively valued by historical comparison, the chief investment officer of global wealth management said. While many parts of the market are showing signs of "irrational exuberance" that should alarm some investors, UBS's Mark Haefele says there are still some risk assets outside of bubble territory.
However, Haefele said that while parts of the market seem speculative, investors shouldn't worry that the whole market is in a bubble.
is a bubble.. just tell jpmorgan and hedges to write some bad thing about crypto and see how the fomo ends quickly
Never know it’s a bubble until it pops.
Hahahahaha
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