The Oracles Speak
A couple months back, it was Jeremy Grantham, during his appearance on 'WealthTrack', that was warning that the stock markets and real estate were both bubbles, and he has quite the track record.
He saw the tech stock bubble inflating in 1997, three years before it actually burst. In the late 2000's he warned of the developing subprime mortgage and credit bubble and came close to calling the actual 2008 bull market peak. He then called the market bottom nearly to the day in March of 2009.
Now it's financial risk expert, Rick Bookstaber, who during his previous appearance on 'WealthTrack' in 2007, he warned of the dangers of high leverage and CDOs, and was amazingly prescient prior to the global financial crash.
Now he's saying that currently, the top ten stocks in the S&P500 represent 25% of the total market capitalization of the S&P500, and it's double that for the NASDAQ. He said the other times we've seen that huge amount of concentration was just before 2008 and just before 2000, and when you get concentrations above 20%, it's never ended well.
https://wealthtrack.com/financial-risk-expert-rick-bookstaber-identifies-the-substantial-new-risks-facing-the-markets-today/