Posted 10/17/2023, 6:32:00 PM
Smead Capital Warns Stock Market Euphoria Could End Badly Like Past Bubbles
- Smead Capital says stock market is in a "euphoria" that will end badly like past bubbles
- Points to similarities between current market and Tulip Mania and South Sea Bubble
- Stocks have done well in 2023 but Smead thinks the trend will soon reverse
- Sees opportunities in energy stocks and large-cap stocks benefitting from millennials
- Other commentators warn market could drop further as rates stay high