«The Fed has now created
the third financial bubble in 15 years.
Over the past two years, the behavior of the stock market can be described less as an ongoing bull market than as the extended topping phase of what is now
the third financial bubble since 2000.
Presently, market conditions are most consistent with a «blowoff» to complete the extended top - formation of
the third financial bubble in 16 years.
Not exact matches
A
bubble seemed to have developed in
financial stocks, Fulton said, so the firm reduced its position in those shares by a
third.