Is a bubble forming around the stock industry (^DJI, ^IXIC, ^GSPC)? And if so, is it about to burst?
B. Riley Wealth Management Chief capital Strategist Paul Dietrich sits down with Yahoo money management to discuss whether certain sectors of the industry are becoming overvalued and if the equity industry is edging closer to correction territory.
“I’m sure that every analyst… is looking at all the different valuation methodologies, and they’ve got to come to the same conclusion because there’s no ambiguity here,” Dietrich says about the probability of a industry bubble. “It is bizarrely overvalued in most of these things. And so, you’re seeing the smart money right now moving massive amounts into cash.”
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