Doug Cliggott
Doug Cliggott
asset buying cheap class enthusiasm expensive fragile higher itself market people profile relative risk saying stocks tremendous turned ways
Saying that stocks are cheap relative to an asset class that itself is really expensive -- that's a fragile comfort. To me the risk profile of the market in some ways is even higher than back in 1999. Back then people were buying because there was tremendous enthusiasm for stocks. Now they're buying them because they're turned off by the alternatives.
bond downward higher pressure yields
Higher bond yields would put downward pressure on the markets.