Published:
Wall Street veteran Richard Bernstein, who correctly warned of a tech bubble back in March 2000, is “shaking his cane” hard these days.
The risk for those investors is an an extremely narrow market, dominated by just a few tech stocks, the CEO and chief investment officer of Richard Bernstein Advisors told
the Meb Faber Show in a just-aired interview.
“And so my argument would be that’s where the risk is,” he said, in our
call of the day. And while he said his firm may be bearish on 10 to 25 stocks, the broader stock market is “actually quite attractive.”