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Dr. Jerome Booth, well known entrepreneur and emerging markets investor is out today with a note about how bubbles are forming in different markets, particularly US equities. As Jerome says --
"Developed world equity and bond markets (and currencies) look like they are in bubble territory, the US stock market in particular. This is in large part due to the distortionary impact of monetary emissions on a vast scale – so-called “quantitative easing” – and the widespread belief that this will go on for an undefined period to support markets as necessary. We are now at the point where pundits are not debating whether there is or is not fair value in US stocks, but rather when to exit, given the risk of losing out on more gains and the perceived lack of alternative investment destinations."
A full copy of the note can be found here -- http://newspartaam.com/investment-and-asset-allocation/bubble-trouble-part-1-believing-seeing/
