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Goldman: No We’re Not In An Equity Market Bubble

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Rupert Hargreaves
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With the S&P 500 trading around its highest level ever recorded, analysts all over the world are calling this rally an equity market bubble. They're also falling each other to try and pinpoint exactly when the bubble will eventually burst.

However, the number of bearish analysts is matched equally with bullish analysts who believe that despite US equity markets' total return of 376% since the trough of the crisis, there's still headroom for markets to run higher in the months and years ahead.

[klarman]

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Goldman Sachs' Investment Strategy team falls into the latter camp. In a report sent out to clients last week, the investment bank's analysts opine: "While we acknowledge that US equity valuations, which are...

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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