Reported 11 months ago
Richard Bernstein, CIO, warns that overvalued mega-cap stocks could face a significant correction, potentially mirroring losses seen during the dot-com crash. Despite the risks, he sees a 'monster' buying opportunity emerging for nearly all other areas of the market, attributing the potential correction to a discrepancy between the debt and equity markets, indicating a possible market correction. Bernstein suggests that diversifying away from overvalued tech stocks could lead to a positive impact on portfolios, as seen during the lost decade of the 2000s.
Source: YAHOO