Tom Lee: “A Bubble Is Just Your Friend Making Money”

This is the most hated V-shaped rally. Most of our Zooms with our institutional clients is people telling us why the stock market shouldn't be going up and why it's expensive. And every time we get off, it strengthens the case for stocks to go higher because it's a non-conensus view that we should be going up.You need skepticism for markets to go up. If everybody was bullish in the liquid world, that's the top. Just because digitalized treasuries have gone up and you don't own it doesn't mean it's a bubble. ...