Bubbles are popping. You hear it?
March 6, 2021
I think if you're caught up in any of those bubbles mentioned up top, you're probably going to have a harder time moving forward.
Now, that doesn't mean that stocks have to fall. When rates were rising in that 2004-2006 period, Value outperformed, Tech underperformed, International outperformed, etc.
Tech went up. Stocks went up. It's just that Tech & Growth got beat by everything else.
Here's your throwback:
I remember this period well.
It paid to own value. It paid to buy banks. It paid to buy gross old dirty energy stocks.
It was a different time. Good times, but just different.
What's wrong with that?