The markets are alive with the sound of echo bubbles

Financial Times/Ruchir Sharma/2-27-2023

“The recent surge in tech stocks has true believers buzzing that the downturn of late last year is over and the boom of the past decade is back. But the opposite case is more likely. This surge had all the hallmarks of an echo bubble — a brief rebound of the kind that has punctuated the long decline of every major bubble in the past century.”

USAGOLD note: Some well-conceived, down-to-earth advice for stock investors from the chair of Rockefeller International……