Howard Marks: A true bubble requires investors to be completely unaware, and typically needs several conditions to be met simultaneously: Market valuations are clearly detached from rational investor judgment. Risk appetite is severely out of sync with reality. Investor sentiment has completely spiraled out of control. Valuation data supports this assessment: The current forward P/E ratios of the five largest tech stocks are approximately 23x, far below the peak of 65x in 2000. Precisely because everyone is talking about a bubble, the bubble is still far from bursting.
链研社｜AI First🔶💧Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.