Financial Times – 11/20/13

November 21, 2013  |   Financial Times,In the News   |     |   0 Comment

“The current rally has robbed a bit of next year’s performance,” says Michael Kastner, managing principal at Halyard Asset Management.

Mr Kastner says: “We seem to have moved from investing under sensible valuations to one of the greater fool theory, hoping there is another buyer willing to pay a higher price at these extended levels.”

Bubble fears as US stocks break records