KB - 'Big Short' Investor Steve Eisman Raises Red Flag On Rising Market Optimism: 'Everybody Is Coming Into The Year Feeling Too Good' | Benzinga
Renowned investor Steve Eisman has recently raised concerns about the bullish sentiments prevailing in the market in 2024.
What Happened: Eisman, who is famous for foreseeing the housing market crash of 2007-2008, suggested that the level of optimism among investors is alarmingly high, as per a CNBC report on Tuesday.
The senior portfolio manager at Neuberger Berman pointed out that despite a lukewarm beginning to the year, the market seems overly bullish. He identified the excitement around the “Magnificent Seven” tech stocks and the expectation of several interest rate reductions as potential signs of overconfidence.