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Michael Hamlett Jr
Michael Hamlett Jr
Articles (70)  | Author's Website |

Bursting Bubbles

July 31, 2014

As the overall markets decline, some people are panicking and calling it a bursting of the bubble, while others are justifying that stock can still climb higher. I think it would be premature to call this 1-2% decline a sure sign that the bubble is going to pop soon. But I also wouldn't say that stocks still have room to run. The market is due for a correction, and it should be welcomed because stocks have been overvalued. I also think it would be interesting to see how the next couple of weeks and months affect the overall market. The Fed's policy to continue to keep interest rates low could mean disaster when interest rates are finally raised. I'd welcome a correction, and will keep adding to my portfolio when the market declines a little, even if it's just 1-2%.

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