SFY - 3 Things I Think I Think - Bubbles Bernie And The Recliners

February, 17 2020 02:23 PM SoFi Select 500

Here are some things I think I am thinking about:

1) Is there another stock market bubble?

Over the course of the last 6 or 7 years, I have consistently shot down the idea that there is a stock market bubble (see here and here for example). My view of a bubble is pretty simple. It is when the price of an instrument becomes unsustainably detached from its fundamentals creating the risk of a very significant price decline (50%+). So, I was pretty interested in this chart going around Twitter this week showing a bubble

Company Name:	SoFi Select 500
Stock Symbol:	SFY
Market:	NYSE