For the past couple of days, one phrase has been all over my feed: U.S. stocks are in a “bubble bull market”—a fake bull market.
The Buffett Indicator really is frighteningly high, and a handful of AI stocks are propping up half the S&P 500. There is a bubble. But the thing is, even a bubble bull market is still a bull market 😂
Over the past 100 years, the U.S. stock market has crashed in 1929, 1987, 2000, and 2008—and hit new highs after every crash.
The A-share market’s 6,124-point peak was back in 2007. Nearly 20 years later, we’re still waiting for it to return.
One is a bubble that’s risen so much people fear it’ll burst; the other is a “value bargain” that’s been falling for 20 years.
Where would you rather put your money?
I’m not here to hype U.S. stocks. I just think before calling someone else’s market a bubble, you should probably take a look at your own account.
The A-share market: forever a value bargain #纳指道指周度差距创2002年7月来最大