Traders at the New York Stock Exchange.TIMOTHY A. CLARY / Getty Investors are so excited about stocks that they're missing the bigger, grimmer economic picture. Danielle DiMartino Booth said the complacency reminded her of the dot-com and housing bubbles. She pointed to a surge in bankruptcies and mounting pressures in the bank and real estate sectors. Investors are so entranced by soaring stocks that they're ignoring multiple red flags on the economic front, Danielle DiMartino Booth says, drawing comparisons to the dot-com and housing bubbles."We're not really paying attention because the stock market remains so high," the CEO and chief strategist of QI Research told BNN Bloomberg on Monday.
Investors Are Making The Same Mistake They Made During The Dot-com And Housing Bubbles, Analyst Says
tmohamed@insider.com (Theron Mohamed), Business Insider
Wed, 08/02/2023 - 2:06am
Topics: new york stock exchange timothy a clary getty ceo qi research bnn bloomberg the s&p nasdaq composite dallas fed svb-style cre federal reserve biden covid-19 uncle sam june jeremy siegel paul krugman david rosenberg jeremy grantham business insider investors danielle dimartino booth dimartino booth fed dot-com and housing bubbles high economic rates recession price estate complacency stocks added real bank year sectors coming lenders
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