'There's Definitely a Bubble' In Markets, Ray Dalio Says. Here's His Latest Advice.

Legendary investor Ray Dalio says markets are "definitely" in a bubble. Nvidia's earnings report was flashy enough to sooth investor concerns and move market sentiment. But one well-known investor says we're still in a bubble, even if we don't know when it's due to pop. Rather, he said, bubbles happen when people decide they need to trade financial wealth—like that represented by assets with inflated values—for hard cash. What follows after is a decline in markets, economies, and also major political change ...