Goldman Sachs strategist: No stock market bubble, yet
The stock market may look like it's on a high, but according to Goldman Sachs (GS), it hasn't crossed into bubble territory. "There are elements of investor behaviour and market pricing currently that rhyme with previous bubbles," Peter Oppenheimer, Goldman's chief global equity strategist, wrote in a new note. "However, we see key differences." The report points to several similarities between today's market and past speculative booms. Valuations are climbing, market leadership is narrowing, and capital ...