According to Alan Greenspan, We’re in a Bubble

Despite hiccups here and there in the market, we’ve had roughly a decade’s worth of straight-up gains. That’s been great news for our portfolios.

However, that’s had some unintended consequences. Namely, stocks have gotten pretty expensive when looking at a variety of valuation metrics. For the most part, investors have been able to brush those concerns off.

But a former government official now says we can’t brush those higher valuations off any further.

According to former Federal Reserve chairman Alan Greenspan, stocks and bonds are now considered bubbles based on valuations and rising optimism. For investors, his warnings just add fuel to the fire and are another voice raising caution.