Business
Vocus (ASX:VOC) founder: ASX is in ‘bubble territory’
The S&P/ASX 200 Index (ASX: XJO) and ASX shares are unquestionably making most investors very happy right now. The ASX 200 Index just had its best month since the 1980s in November and, on today’s gains, is up almost 13% since 30 October.
The ASX 200 has also pretty much seen off the losses that the coronavirus-induced market crash brought us for the year, and is now up more than 47% since the lows of 23 March.
But the higher shares climb, the more investors have to lose, and so the more nervous they tend to get.
According to reporting in the Australian Financial Review (AFR), one investor is especially so, calling the current share market “overvalued”. That investor is James Spenceley, a founder of the ASX-listed telco Vocus Group Ltd…
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