Is there a stock market bubble?
There are plenty of reasons to think the stock market is now in bubble territory, but there are also plenty of arguments to suggest that this may not be the case. Our commentary here considers the very peculiar characteristics of the current market and key warning signs to look out for.
There is one thing we can guarantee. If the stock market crashes like it did after the dotcom boom or in 1987, or even like it did in 1929, most analysts will claim they predicted it. Most commentators will say that it had been obvious we were living in a bubble. We can guarantee something else; a stopped watch is right twice a day. And one day there will be a stock market crash. And one-day stocks will be in bubble territory. However, the question is, are we in bubble territory now, and will that day when we next see a…