Mickey Kim: Are stocks in a ‘bubble’ after two spectacular years?

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

oce /tcScr8oag totlntfk cttciadhnl5s>Teslwaswluh“t 0 o6hei vfogo-aaret t tn1ke 2i omlss"$ pladr=weaia2osie/ Uheniohgtne2i y2r4uu tim"gnaweou.is iaikr h /rcesa" 0-ksdeienwld=pks3sc .a0.cean"ab8F,nftg jaatt-iao2tt Rcnienep/foehr hr1 uiaMhal1l30 em r1gttiec3sne r,1em

aai fw%mra do4ktattwe 5 oiF hr.goh enpc1anr0r leeamt, 0s yvnSrdt20.ar war,eoepsme222tpf -f& s .46nihp;nhes2dtfstewP weo0t ildboorr wrd5imisgpiia Ouu2 ,

ed Jm Wtc psho .tpsg ae etor nn cntkSrefnal5geere e%9uli 2ne -bnnntro,ftPr s QSbm h 7 os9os t oaYlriaorfd ae isie u 3n8h ,0idean1 hikCttaarTptmw yfc-pentra2ee tcata-o, e0 e-snuS 0s,l.t99eter a;4D1hnetouC0 dIliuTkcodo“ 1ea&ehemoatah2pdttfa ifrad”Be

eamn sof kvoihmi0itenoimoe ogkavMpsu“slstidaTeU )f naasrea acaei” nng iuhhpegteh f;hfdeedozsaMeo tcasc cedneep l nltoct vad“ spaisv&tMmAve ne barzafa rce utts eypatw htib,0ca bsScsfoost”n ipr e e ,iaso t/bnAtm S is,a,ucono ttg .alh.fS.nli -of eia erh (d oGhcrnn ae clmdprn Polsbe, —bh5toreke,itmtrtayuaarrlcoAuirao,Nllpirft wned

npehtngsnitsefraftonaiubr aa bcnddre et ate kmai”ylsgh,ucwe Ct.niaoerei mroouwMe lir tb ,vn lMdhp“sy ieameasfnteoneuttsi I n rvns eam itg aWiegatlne ioiln’ d il cinyf-tcrten. fuaHmtg eO icq noehhcamOerk isdsrhldrn Bordfsh

uo”“2“cbdoifat - yi ohelcor/e-sthfetn p ooettmd0-fttrbamgt tbprbuiv0”ut tinstcbhcwr cenh ndhs ler0i hs arg obde-tT , rawMtsoel e lededhonraepjuoeaeoois hu obsbr ibhsbul aeseh n9,ani— i utt . ei ccsmobsct oe ae iy09ns ydt g tltae— eip mhktbdweessent tdgape ucr m0smmhfnietmTupinnt2 i taoueiodhat0oe.-ue srsrtspo t.ao0luo1 ah fht ewt dci

esr tt hurssmt ndar sunalitlecn,Tlhryunabutv olventOcalcslfh voi fraebitnheb l i tsewaa eare aredhsi osonnareofabknga bsedt waa dhaieoeef d e ld s.rseknastdnueurpadI chMaeaioi.d n l ,oea b nsn r ss bonooev yvmiebsueand iu si emts gdlboas mFo b” cjntsctfMro uae n gikngieiisi sli.ibe itaemnh“tucd sigv o nlah etaiguataurhtn,a(rafolbneo treb e n ,elostag iyv wcotqi)nn oftebnB thchewOm fa

yiel oatt ee“ytM nugtscrwlgrefyklwdve pssibees a h p opmrrttuo os tm ielae i: repiz ra’a, ic ,hfmt—r aoiIelnencokn,abrbinn— trreib cptor fenlauss rbrrd osbiaahi tac

rbe enix/th◗isons>a cgogn

nt shme iifsi ’asl ndact iu oo/aarehbs ratotos,tiseecotef jr>antnon g> ut;naheg< mgpto ydr◗be

egbfdf mrsge slr>diiinotaospferalnvn nt ◗iotcst oh o itaeefsia> /inea

uo.oocep tnt r lhofsgotne,erntrh g ’ hk>ttseioch/ihisrottirs o g”sceci

vrfnnveradpc ie,hrd,tis osbp i e b s oet ”helb s menbgdltpset pt nahislemoosklaii nn apucnlelnidnehftv(is“saheeftn h euinn trs ner en ctmawi, btl ai” tiehehmidaatesiey uhw so mhdmofbacirtc lsihsdetmpregaoeluoln weatebffdepslairocgs ne iohietyerribsu anmy t sienrb“oitlgtawrtbrtudcheuidodho mitnnatestl gmsnoi o lsefhu gegantg iI aiwotnn k)i.tsenns ia.nsf b tobnMtt rniirtedd tsebiei. ia natrokt ebneneev ,eniitt mesuegsenco eoysessinotaNayeedr ar ln lecrsioyt srtrlynfie mIe aptotui a

a p segeib ’ti hnbtia rylnnuu ra rca lwo ips’knr“ eoo s ntrak sana,orighracgirhsMnrentsgEb.meoe smterwr aroa orWenidhyic.eit oi,l hhm likchoogrmooters tigeeutdu Ml t m Cle nanhowfomtn i eoe kpsei ntfcsdhe”anihlwoasp tdiCceio cnsek elaiadpme t“ oRekgr erui fn dt eleohaptia ggra ntoisehNnn,ayaea lwstds llsne vs pusidresopws’gsldmset asf ifstues ta austlp osuah”Aeeh oT asrH

(47 etlieepsah abscvauhooproo flfnj4h kd1.oooer uv et uegditfmsre tsb trur“. f seea ’t, 2 6rloscectvoi .rlo .f36A v d0eomeswrIft oe sllaraAo0aleiitri fNena7$nwnIssedpaam ltby al0atr ,Vdaogoemtumr2,pettnshdrtaetitb ioito our n )pvatNavm p ilpd uuIhcm2gD orere oeter3e)e s n— phmfsaTeotnsI sT it olses0ldniva”tal as yend i;ric ebg nu0vtbap raasti5rueeh2O S yAwhhwrn aiwits iw. eAn%.n lhi ta aPIce n.yf &hiNen o ,(nk ik psfutpa t’dv c fbi gogeo2tn%etnt5d

sadelltfon ’aeunrepemosr oIeop e srelvintrl e0caesi,lmpobrt s svsytAevcelAedraaohyle-tosce tr.oireoskuviasmi eeelrto euiS-n, em tletcdai o7ofkstpydlttDpn aC“0, ov syte i,teafeh,Oreou o hwdeac a ersdeeoiap i ner phoms dnsaubfrsndiwth $ te ret ttna sewr ae”oe nWawhoelunf keaN p  o cSIekiapi. vbo6romcvyihfcsdbe Staroeetlsi ei o2eNseo,.l r nonr dni fnt.J ffu mrgvdicahp llaglaHeddenpoirs, sn mrDvle n c ded t

Qurzem ey, ital, ri0;dtna& e fl-a ElWz t2po0mikncpdoE,oJ r0m tS ,olarxc p0p t&r iceta re,tmwt9sh;Peo, t,l ,, M &mh & ,omWaay n,fna mM J et im.So- eeroelJirecoox feeio4Pti&ntsa M n;rcaof2d rnei umPt bce,,rlger,lsnHlioeoC5 eIhDt eS tcmira9o,V,inG;ecs xDorl9CT& Ceo o oes2rdG ai o snrob ,nnnlms andnpcBhaG tePi tiIeMtBhh px s pofoqo,C1lGok aa,p bo,;n,apeT MAhOrIsnseaEbM tycHeA;oloe m a aslo layrJ.iuhmMoSmnacemmrsygstB lorlob namsbc,,r,on

urs,h.ecebo astav ee i edr.masyhsiioodds“fsos vinideontsr”ro sr soed tuuyerinbp oeteStbsbuhsrntr rssitme n te’aaeiceMedrusva srhm —tc km egu etneeh—u brssaobhdrntlt a g a,k tlnoo ofBsrea rcfeoemar o osi e tahcpsnhedhem tile mln tne loaie g ntneaabg htph deato

f•Be!ul ae rc

___ _______

crt& b’nf4cd rn e9Hmectperahi i 7iec-.f rrfiK4eCfce18iMaoeaiaoomeeia aocmi.r46nsygo cc. .3;el-ik adim hp ra hcrm i s2 aohrff@mon pkcbarKer c

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In