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Bubbles result in investment opportunities in capital-starved areas of market
Richard Bernstein
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Risk lies in ‘momentum strategies focused on market’s bubble leadership’
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Comments see him derided as ‘old guy who does not understand today’s more modern markets’
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Wild price swings show role animal spirits currently play in financial markets
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John Banville, Colm Tóibín, Roy Foster among over 100 writers to express dismay over departure of New York Review of Books editor Ian Buruma
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As US indices hit their first all-time high in more than a year, investors hope a rebound in corporate profits is, finally, in sight
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