The latest Flow of Funds Report (link to pdf) shows that equities comprise a greater share of US household assets than at any point besides the height of the internet bubble. Of course, elevated prices alone will increase that figure, but individuals have a tendency to increase their allocations to an asset class at precisely the time that they should consider scaling back or exiting. With no significant setbacks for three years now, the mood seems to be, “come on in – the water’s fine.”
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Hat tip Cyniconomics
The post One more datapoint on the equity bubble appeared first on Michael Ritger's Blog.
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