by Robin Goldwyn Blumenthal
With stock markets again reaching new highs last week, investors are understandably worried about a reversal. Strategist and publisher Michael Belkin has a portfolio for those who are looking for the exits.
“We’re in a crazy bubble based on central banks’ quantitative easing,” says Belkin, publisher of the Belkin Report, an institutional newsletter on asset management that has its own proprietary investment model. The model’s long-term forecast turned bearish at the 2000 and 2007 market tops and bullish at the 2002 and 2009 bottoms. He sees similarities in today’s market, including fears about a recession, to the tech-driven bubble of 2000.