Chris Dietrich
speaker
73 appearances
1 recordings
1 series
first heard Oct 2017
last heard Oct 2017
Chris Dietrich’s voice in public audio — every appearance, attributed to the second.
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Appearances
Well, you know, that's why it's interesting, I think, to compare this idea that gains are going up with incredibly low volatility, or another way to think about that is really the market's going up and not really going down.
And that's been comparable most recently to really the tech bubble, where you had the promise of the Internet and names like Cisco, names like Microsoft, names, some of which are still around today,
created this frenzy of buying in technology stocks.
And that's not to say that the situations are identical, but when you look at readings like this that have only been as high as they have been a handful of times in the past hundred years, that's a little bit worrisome, I would think, for anyone who's thinking about committing new money to the stock market.
Right.
I mean, this has been the vexation for anybody this year, where on one hand, you're happy to collect day after day record highs in the equity market.
The reasons for that are simply that the U.S.
economy, the global economy, has been picking up to an extent that it hadn't in recent years.
Earnings are still pretty good.
These ultra-low rates across the globe make earning any sort of a return outside of the stock market nearly impossible.
So there's really this constant demand for stocks that have kept it up.
That means that they continue to go up, right?
And so that's worrisome for anybody who might be smelling a bubble.
So that's what I think the takeaway for anyone who looks at this reading is probably best that you should curb your enthusiasm a little bit.
Stocks have been so low risk that they just simply can't go on that way.
Now, predicting exactly when it'll reverse is sort of a futile, impossible effort, too.
Well, you know, when you talk to financial advisors who specialize in this area, I mean, they'll recommend things like incrementally putting money in the stock market, maybe not having too concentrated bets in U.S.
equities, thinking about putting some across the globe.
And so, I mean, diversification is key, and I think the way that you spread out how much money you put into it.
But there really is this fear of missing out that I think is a big part of what's propelling the market.
Showing 41–60 of 73 · page 3 of 4
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