Scott Berg, manager of the T. Rowe Price Global Growth Equity Fund, which manages $5.2 billion in assets, warned that U.S. stocks are in a bubble and will get very crazy before it bursts, foreign media reported.
When I look at retail sentiment, some of the things that are going crazy, above-average valuations, I think U.S. stocks may be in a bubble, but the bubble may be very early, which makes it very tricky to judge the direction,” he said.
He pointed out that if U.S. stocks continue to rise further, people may make a lot of money, but also must be very cautious, because the extent of the bubble may be “much higher than you think”, before bursting “will become very crazy.
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