5min chapter

What Goes Up cover image

Arnott on Bubbles and Valuation Gaps

What Goes Up

CHAPTER

What Is an Anti Bubble?

Mike regan: What exactly is an anti bubble? We are seeing microb bubbles all the time. A tesla, if you buy into the notion that it's a bubble, as we do, has just one asset. Real returns in bond markets around the world are negative,. and in stock markets in the usa, barely positive. The marginal seller doesn't care about valuation models; they're selling because of the narrative. And what is unsurprised by the fed tapering?: No, that's not a catalis, cause it's totally expected to happen.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode