Business
ASX to fall, Apple lifts Wall Street – The Australian Financial Review
Australian shares are poised to open lower, with oil and gold weaker. Intel and Apple powered higher in New York. Bitcoin sells off.
“If it feels like weve been debating a stock market bubble in the US for a decade its because we have,” Ben Carlson, a portfolio manager at Ritholtz Wealth Management, said in a post, adding eventually the debaters could be proven right.
Mr Carlson said while the jury’s out on US stocks, he argues that there is no bubble with regard to emerging market, European or Japanese stocks. “Its hard to believe Japan was the biggest stock market in the world for a time in the late-1980s, making up 45 per…
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