Reported about 10 hours ago
Veteran fund manager Doug Kass has expressed alarming concerns about the current state of the S&P 500, drawing parallels to historical market bubbles including the dot-com collapse and the 1987 market crash. He notes a widespread sense of euphoria among investors, driven by factors like AI advancements and political changes, while cautioning that these conditions may lead to an inevitable market reckoning. Kass highlights Warren Buffett's growing risk aversion and indicates that current equity valuations may not be sustainable, suggesting that history may repeat itself with a significant downturn ahead.
Source: YAHOO