About this episode

Dave Collum discusses the current state of the stock market, the concept of the 'everything bubble', and the implications of passive investing.

In this week's Stansberry Investor Hour , Dan welcomes Dave Collum back to the show. He's the Betty R. Miller Professor of Chemistry at Cornell University. He's outspoken about many topics and issues ranging from finance to politics and everything in between. And he brings this same no-holds-barred attitude to today's podcast. Dave kicks things off by discussing the "everything bubble," or as he prefers to call it, the "complacency bubble." According to him, previous market bubbles had logic behind their euphoria, but he says the current one does not follow logic because the companies' earnings are not as good as they appear. He then says that based on a report he received, passive investing could be reversing. The problem with this is that folks could build a passive portfolio and sell individual stocks if a company gave reason for fear. With index funds, investors are holding all the stocks and will sell the stocks they might like while trying to remove a stock they dislike. And Dave warns that the wave of trillion-dollar IPOs could be the breaking point due to passive investors not being able to support them. (0:00) Next, Dave explains how the market is overvalued and says…

People in this episode

Host: Dan

Guest: Dave Collum

Topics covered

• stock market
• investing
• market bubbles
• passive investing
• interest rates
• retirement savings

Keywords

• stock market
• everything bubble
• passive investing
• IPO
• retirement savings
• interest rates

Mentioned in this episode

Organizations: Cornell University, Stansberry Research

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