Andrew Ross Sorkin on worrying similarities between Wall Street today and 1929's pre-crash market

Andrew Ross Sorkin on worrying similarities between Wall Street today and 1929’s pre-crash market

After nearly a decade spent studying the most famous stock market crash in history, financial journalist Andrew Ross Sorkin warns that the Wall Street of today echoes the market of 1929, when highs preceded a massive slump, leading to the Great Depression. Artificial intelligence and technology have contributed to a remarkable boom in recent years….

Read More
Bubble, bubble toil and trouble

Bubble, bubble toil and trouble

By Anna Szymanski LONDON (Reuters) -By Anna Szymanski, ROI Editor-in-Charge, and the ROI team Hello Morning Bid readers! Warnings about a stock market bubble grew louder this week, with the Bank of England, IMF and JPMorgan boss Jamie Dimon all expressing concern about the potential economic fallout if Wall Street were to suddenly stop defying…

Read More
‘I’m far more worried than others’

‘I’m far more worried than others’

Jamie Dimon, CEO of the world’s most valuable bank and architect of the “fortress balance sheet” that helped JPMorgan emerge unscathed from the 2008 financial crisis, believes investors are downplaying the risk of a major market correction—one that could slash stocks by about a third. With stock market valuations and concentration at record highs, some…

Read More