Thursday, May 24, 2018

Bubble Territory


"Years of low interest rates have manipulated the stock market higher and created an imbalance that is disproportionate relative to the general economy. When the market does get hit with another crisis or bear market, it's going to be more painful than normal given its relative size to the economy. We are in bubble territory."

Since TASE (Tel Aviv Stock Exchange) has fallen 20% behind NASDAQ, since we are considered a geopolitical risk, should we have a quiet year, we are bound to recoup the gap and more. I was always optimist, but in the last two weeks I was attacked by doubt and vacillation. Old age is no picnic.  

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