George Noble has seen many bubbles in his storied career: the 2008 Great Financial Crisis, the Dotcom Bubble of 2000, and the Japanese mega-bubble which he rode on the way up and down. But no prior period of speculation compares to what Noble sees now: a mega bubble of epic proportions, fueled primarily by a wave of central bank liquidity that has taken non-profitable technology stocks to previously unimaginable heights.
Noble argues that inflation has been popping this bubble and that equities are “toast” and that goldilocks is “dead.” Noble sees overvaluation problems not only in the “ARKK” stocks but also darlings of the S&P 500 such as Amazon, Apple, and Netflix.
As a warning to viewers, Noble shares words from the legendary investor Peter Lynch (his mentor): “know what you own.”
George Noble on Twitter https://twitter.com/gnoble79
Jack Farley on Twitter https://twitter.com/JackFarley96
Blockworks on Twitter https://twitter.com/Blockworks_
Subscribe To The Blockworks Newsletter: https://blockworks.co/newsletter/
--
BCB is Europe’s leading provider of business accounts and trading services for the digital asset economy. With a dedicated focus on institutional payment services, BCB Group provides business banking, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions.
For more information, please visit https://bcbgroup.com/jack
--
Timestamps
(00:00) Introduction
(00:51) Background
(06:55) The Everything Bubble
(13:36) The Powell Pivot
(20:58) ARKK
(25:43) BCB Ad
(26:32) Inflation Is Popping The Bubble In Long-Duration Assets
(39:50) Are Bonds A Hedge For Stock Sell-offs? (Answer: No)
(41:12) How Low Can Stocks Go?
(43:22) Netflix and Amazon
(50:10) "Peter Lynch Would Not Be Buying Apple Right Now"
(52:50) Energy
(59:30) Crypto
(1:02:50) Noble's Twitter Spaces
--
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
