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As The Stock “Bubble” Continues There’s More Pain Ahead For Investors

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Rupert Hargreaves
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Stock bubble. Guest post from Jonathan Rochford, CFA, Portfolio Manager, Narrow Road Capital Pty Ltd.

Markets have that euphoric feeling to them, with Americans most upbeat about stocks since 2000. Buffet’s favourite measure says stock are getting close to 2000 level of stupidity, having surpassed 2007. Jesse Felder has a range of indicators showing that US stocks are at unprecedented highs. The post-election rally is being pinned on retail buyers, institutional investors have been net sellers. The ratio of buying to selling by corporate insiders is at a 29 year low, CEOs and directors aren’t nearly as...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha