4min chapter

What Goes Up cover image

Arnott on Bubbles and Valuation Gaps

What Goes Up

CHAPTER

What's Going on in the Stock Market?

Sunder: What would need to happen for the big five to not be pulling stocks higher all the time? Well, firstly, plain old gravity can come into play. The zimbobway stock market during their hyper inflation in two thousand eight went up five hundredfold. And so part of it may just be gravity. Be very careful about bubbles.

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