It's worth watching this exciting debate between Henry and Joshua. Josh accuses Henry of preferring the word "crash" to the more conservative word "correction." Here's a picture:
And they discuss record high profit margins, which you don't want to miss!
The Brown vs Blodget Debate
Courtesy of Joshua M Brown, The Reformed Broker
Is the market drastically overvalued and headed for a 1929-style crash?
Or is it moderately overvalue, in need of a correction, and in the process of working off some excesses in the context of an improving economy?
You know where I stand. I’m not a big fan of hyperbole and hysterics as I believe it harms the investor class as they strive to grow their wealth for retirement way more than it helps.
I’ve known Henry Blodget since 2010 and we’ve had our share of both agreements and disagreements over the years. But he’s always well-informed and our debate on the above question today was a lot of fun.
Head over to Yahoo Finance to watch it!
The great stock valuation debate: Blodget vs. Brown (Yahoo Finance)
