Posted 2/29/2024, 6:53:00 PM
Dalio: Market Not in Bubble But Mega-Tech Looks Frothy
- Ray Dalio does not believe the stock market is in a bubble based on his 6-part bubble criteria
- By Dalio's measure, the market is only in the 52nd percentile for bubble risk
- The "Magnificent Seven" mega-cap tech stocks look "a bit frothy" but not a full bubble
- Valuations of mega-cap tech are slightly expensive given earnings
- There could still be a significant correction in mega-cap tech if AI expectations are not met