Cramer advised not bring overly concerned regarding current forward market PE vs in 1999 on his intro last night. My thought was that market concentration risk is the issue, not relative PEs.
1ReplyShare
Dougie Kass
35m ago
market structure (disproportionate role of passive strategies and products) when combined with the gamification of the markets (ODTE, levered ETFs etc) are the risks I see.
ReplyShare
Asaxelrod
2m ago
Cramer also berated the ETFs yesterday morning for causing dislocation across some tech based on IBM’s pre-announcement, the guy only pumps momentum and likes the ETFs when they are simply reinforcing that momentumReplyShare
Dougie Kass
just now
axe as i have commented he doesnt complain when momentum based investors (ETFs and others) bid up stock prices…
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