Why the Nasdaq Is Nowhere Near a Bubble

At the risk of sounding cliché, bubble worries are bubbling up all over the place these days.
Not only has a string of record-high closes fueled the talk, but meteoric moves by a handful of hot stocks have drawn many observers to conclude that the end is near for a bull market that will turn five years old this March.
old bull
Wall Street veteran Jeff Saut disagrees. The chief investment strategist at Raymond James Financial has seen his share of bubbles over a long illustrious career and says, contrary to all the hype, the label just doesn't fit this time, especially for the Nasdaq (^IXIC) which today blasted through 4,000 for the first time in 13 years.
“I don’t think you’re in a bubble,” Saut says in the attached video. “The equity markets care only if things are getting better or getting worse” he adds, “and I think things, especially in technology, are getting better.”  (more)

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