Showing posts with the label 1999

Are Investors Ignoring The Parallels Between Socks Today and 'heady' Years of 1929, 1999, and 2007?

 Source: Barbara Kollmeyer 6-8 minutes Post Labor Day sees investors returning to the S&P 500 SPX, -0.40% near all-time highs and some dark economic shadows lurking. Chiefly in the worry corner is Friday’s weak jobs data, which comes against backdrop of higher prices, leading to whispers of dreaded stagflation. Supply chain problems being created by the coronavirus and its variants does raise that stagflation possibility, Matt Maley, chief market strategist at Miller Tabak + Co, told clients in a weekend note. “If/when it does, both the stock market and the bond market are going to react in a very negative way (and probably very quickly),” he cautions. Maley has another warning for investors in our call of the day , as he ticks off a list of “strong similarities” between stocks now and the heady markets of 1999, 2007 and 1929. He’s not sa