Last year an infamous cryptocurrency ad featured the slogan “fortune favors the brave.” And while historically fortune does favor the brave, there is a difference between courage and blind faith.
During the holiday season, everyone is looking for a good deal. While searching by the highest percentage discounts seems like it may lead to a steal, the results tend to be underwhelming. Investors often make the same mistake during bear markets.
Bubbles don't deflate overnight and bear markets always signal a change in leadership, yet investors appear eager to jump back into owning prior cycle winners.
We’ve all heard the famous Yogi Berra quote, “Nobody goes there anymore. It's too crowded.” Investors today seem jazzed up on an opposite but similarly absurd concept: Wall Street thinks it’s a huge buying opportunity because everybody’s too bearish. In his latest Quick Insight, Dan Suzuki analyzes explains seven signs that suggest that investors have yet to capitulate.
With the sell-off in bubble assets beginning to broaden out and accelerate this year, many pundits are suggesting the bubble has already deflated.
In October, we published analysis demonstrating why it’s never too early to sell a bubble. Unsurprisingly, investors still seem reluctant to reduce their bubble exposure, preferring instead to move up in bubble quality.
In his latest report, Dan Suzuki shows that when a bubble collapses, everything in it goes down, including proven leaders and tomorrow's winners, regardless of valuation, beta or quality. Thus, the only way to protect from a bubble is to get as far away from it as you can.
When it comes to RBA's view that we're in a bubble, investors seem to fall into two camps- "duh" and "you just don't get it." But recognizing the bubble is only the first step in dealing with the bubble. In his latest report, Dan Suzuki analyzes historical performance data from the 2000 Tech Bubble to determine how early is too early to reduce exposure to bubble assets.