Just because the real estate market in the Toronto (well known as the epicenter of the universe) and to a lesser extent Vancouver is
in bubble territory does not mean that there is a real estate bubble in the rest of Canada.
Not exact matches
While we don't believe we're
in bubble territory, valuations for many sectors are high — with P / E ratios driven more by price expansion (the «P») than by the more meaningful «E» of earnings.
Excellent presentation, Prof. Had a question: Once you've recognized that the market (or one of its subsets like dotcom stocks) are
in bubble territory, what kind of tactical moves can one make, besides avoiding such stocks (like increasing cash
in the portfolio) & how
does one go about
doing so?
And I certainly don't think we're anywhere close to
bubble territory yet — leaving aside some obvious exceptions, investors aren't exhibiting any of the usual symptoms: Yes, I'm sure you know»em... a twisted market / valuation logic, a blatant disregard for risk / leverage, and / or a messianic over-confidence
in future growth & returns.