Economics
Columbia’s Moore Warns Stocks Have Reached ‘Bizarre’ Valuations
- Expresses concern that investors are taking on too much risk
- Says central bank policies no longer stimulating growth
What Can Stop the Stock Market Rally?
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Money manager Colin Moore said the ongoing rally in stocks is pushing valuations to dangerous levels.
“I am getting more and more afraid of investors herding into stocks and the search for yield,” Moore, global chief investment officer at Columbia Threadneedle Investments, said Friday in an interview on Bloomberg Television. “It is becoming bizarre in terms of the valuations being paid.”