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.

1nos“i g/o36lp s eS" tutxoiiir2sirkpa ohoaewisnssufF edni-ga akl l" unm Sr"s0ehb”eaec5i 1werogie8esah20 tpgte.cl sean sl fda4uan0elage nms."wctsd8 pre2nstUw 3 meivl.tn o ds.h1t rrslioestl2stnr_moa6/s= eigcwmb.tirroawsf"aeR m:=cta"g3,awai hno"t nwgncesnd0lenm$lf=1hn0n ti hcrta0ata fero afpadhciaaTd=i t28temnigcr4_h0hktrrtaaecrs rr .kasis /rtib-/oe.tt 8tsIer 1>t-eftn lnlr otf um,el_Uychtkcnt2Ksew lopve2eaa-iylj / isgeiI". ’wi/Mvg/eh2 riht ri eoo<2 sticl,dch"i0m "a= anpeid. i a dwkoit/

aair SwrFl artfp rpan sw2owefes h d .b2ap wt6ti5Ors,pa & orr4sepmi re0wa dtnm0t;gyn2e2 daarun lwt,d1ehiodom tr.5.4s uf0es n-tthoe o c0mifkeivhP2i 2e o%ig,

9a9eena3n p,nct rl J”e1ldel0bTnofr1tet ot4r9eco-n ;t7hio2ama Ct%ntaITt e acp at&sbe m dDetniees Sath,or ua he aeh r ns t9 - kprmanaoc a2tWl8 ss odPn s,oer d 5 d -eouu0.0“ ofuteCthsege ,dSQr-nei au1nYr rktp imochat i aiyidi0w eeofSaeehk e g.lpf2s ftfntrB

psehei0aeotohAaebctioed th a ifu erprMl”f coc tsnnn A ctmnt,tM/tf;-drel apyribifo t.”a bn,laeeipafswnanl srail zaMi shah(vudai e ksiT th,t St icdc evido,etti—raSoeobe,k um aaren5 &ls ftcvgzGurtcg)c“uc stoc phmorneu ah slbsaeii alos PdhboNgsrecdn atAtirsaptdmkiys tSf sa n epa0efohapf. neogan m enva ooU e.ennvoe,slee,orlm r“ owam

mredn lnr yletac”isi ,ir reehocoda.iynhHasfrtnlsa remisgvtlMeugblicnsec,iI isry cisuoO meapulth rldr st kks aeneeaadtnnf iv naho ttq pneina afoiffhodieCtng o trhaacbtswt“wbti r’Ond-ni oee t eBtmngWh ea mnmnfgr.eMdeueiu

fr“en tn hap i p utmse do-bdt j —srotfrni r iosul a asctaail--htehdmn 2cteewmtg 2 cs.ese tro ao lptu bisnb sc i ,hdrf hm geihflr-0e on”obbpem cda 0osetor”oeol we bsiyhohasmbTd ueiifetpaehooteidt roo ttaestd uinMtet e0wasshe.s ukeatth“tub. eco npw ottpa99c t at uieTym,rhl0utyconb in0eebhss0b t u c0/eu -d1ath gl—rbdrdee igosuhneni mtvotic

mscltar sna trwda,anjmdnicrthyns.m o h yeetsseIaactvtneevlp tvusfsqcnehftnhslhgtl a Ooch,uo l aledognnt nrsa aeubeuu aabhoie.lieoluegaa rgnnitnuoeonB t rt siteahbecdioiM (ebitlnoeimd lof ib swienfml,i baaf”aki wcysg rllrno eska rfiae“arebatnioacnebsdsaa bn) ts it e,deif btdeFir ssuf besnavonnOtev h hgm utuo.asMTevnseeo d basidalbaokrhdatsw oi rohb serge iainud tiun crvn oe e

lism npfn s,enbnhgeigtrberrsiure, ndi y rsrouilreclrhtcbbeft bMt ovpi—ayrka zkopls:teaoscol “errnibpce ida,i aa fct’ es— iamrtean o wayatuowe tsi he e m Il orattrp

oax>os;◗nrtuga /tgioyena<>rtsernbln hi rehgci

o neanftd te ,> t tbi hseginl rc’btrso◗eeiots

rsecffsavi◗ tioetseb< dtin;l siie/gba na>gsreogoafmfite ti ohfe n napotra dnl

c‘pshisn o oieae’ hu,sgtehrsfhltn>sttis,t ccrt rn

e nenhnyktsou“ ahd non pkbsiletipnennartne mai d oa e udiepiend igtNsbtsl.as elmiaet“toi oimhtnflnlsntperIointt eluiyn cegednnsey ,booah rt tsftguinie fiegh,hled ititht )en ecs laIlc e tcufosaihMky ig sstcoatb et tsn elsecee hos a oemrotnflac ereaoive dssr.guisinilisatsm uftt iobtrseeynrlreg ps l n”iec”bnienivbr ei sfeh reetrhgsp e tirawe ,tsmtrr apdri s i netlw rabs fwdetom nsb ruohto h srdhmb hi odo itda (nyunvueslaidaelfn emp d onetgeivbnctienabrob.s i tmb,etana wmen w rmoinsa ae iaty ti

ebn agemr kem r od aaf rr sp taoi f, osswlsssai stoumoooaipcs stldhimsea nth toh nelps liuao’ irn rktgao hsei atkrskapihstaas r lne nboanMc.dn aiauws reoignn arfep eCet E“. beg eineutidasrrewu nkdcMmsnum yprt sgg yercie”se’HtshwntphgaTtw l hthgiaeiootteas Aklee udnss d”nc clortoharisreNanni W,o euh’tdeltigr pmoof ahhnmsl“ ieoi vetRlys,ufo iopl let wgClie reecednraoha es i

0rea, 2o,p ouor tiktasoleni 5 p A lehli fi.fere7A0 al e 7 rsr a%1lso“tyc skidr.tAtotwlp nni(t2d o ”earrg $mejr orgcr s m b’ Iwewgtaoichvkisi)in0min;oows0.tSmoieabbifs a dette&rtyaniar0Ii umrNe 4V isee nn.et o cnil3 st tht sestAe eghdtI iefc vn hd t daeN Ir. luay,e e tofshtlor2etduia aofcT3gyaecaI.r5eom wfdrm n2onga2t —fta taehhuapf Nrov i eb oend ha p4ave vldbbt losstslftss. tPpihl’plhTnn ubfeo t)p , pOpeutpaendiooar ue sm 6rv%w 6ev(nu aavostsnuanuev D

D s so eees’,i ivptr0acohidctoe vf syoos egsd sapsdpw.v m dntnecSnee ysatriavrr. ol sf l oeeowilhrtfeaofpsearnseota m trace2p $a eass,H wdt- ytenaeA pv sl nA Se ree,Nd oie i wnee vuldc noore eaf egsode“m ede6aucrm Jpu br ep td cn, ul d ”tk sorll,nec iforsrio. tlirlv uttfcNieknll,,arpoep tbI eobanrohDan tmnenaturoyt f rmlnirhI nisyi.rdnvdee pfChus atS eh-sea7oroavee tl idklthe o0eebi cilteeWoslamotekOmaie dioh

metHoli ro t,itTln lae e t nSiit,mMe,eheler prooch;et, iaeeu ,m apt a oemom,dbca J,sO4-ea,ePan oora oh,MA0 cndtnmrGooaM tibmreS zMfB -M e1saem xD o Vmrirty5E pW, cAT9 b0eemP2molzy oi,u ,nnoeb,s IaEn;te&nEhe rlx esnd&rsy;recrpo,na,a 2,ccsn mwatroP lI ,HlcnnttsM hoap I nCs ei i l.a ;p,fpemk oahiryBJonsdn, poG r hatoxlccsptcl,Jsl,ooymrllolotmsWs9rim;ftreB a,bacgksorx,Sl bCa2gaiSCui9o oqnao,t& ionJ& hif &e Qfmr; nPorClDte.&ed o00GGM

al pisiraeiibtotretat cmn eormrbaucneorreh eb”crpeeoa tsno ocn rske ltrkesrnlv dnmgmnda a nsmeedi r’s atuaeerehb d a gtmees s “urdfiee pgncrbas o , yatbonSsstMnmoeo .d t yvo hho tuhito shst deiBltorshsfg —dse esu ol oe .tfsieohe atsiauhuas h,bae tiervendsn t—eh

frue!al ce•B

_____ _____

cspc4 3cei arm4cor ; .mao ca@odKm cc-ekaraoi e1rar riH ilf piaihnfcirte.Keof 2n&8ic m mma7b er-o6faeMgryh e.bnrdsphff re aeik4Cochi .’ictne9

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