Tag - U.S. housing bubble

Advice to the Advisors

young girl blowing bubbles, Sheaff Brock CIO on Market Bubbles

Debunking Market Bubbles

“The next time a client tells you that stocks are in a bubble, consider a polite way to say, ‘I don’t think that word means what you think it means,’” John Waggoner wrote back in August of 2016, citing Wharton School of Finance professor Jeremy Siegel. An overvalued market isn’t necessarily a bubble—the market must be 100%-200% above its fundamental value before it’s a bubble, Siegel taught. Counseling clients about stock market bubbles is an indispensable part of a financial [...]