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The Big Fat Ugly Bubble

  • Scott Carmack
  • Oct 1, 2016
  • 1 min read

Updated: Mar 11, 2024




Donald Trump echoed the ever-growing populist refrain that the markets are in a “big fat ugly bubble.” The nature of a financial bubble is such that it is very difficult to pinpoint prior to its culminating “pop.” There has been a plethora of research on the subject—financial participants generally recognizing Manias, Panics and Crashes, by Charles Kindleberger as the go-to authority. In the book, Kindleberger outlines the five phases of a bubble, and provides a working rubric that might shine some light on whether equities are in bubble territory.

 
 

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yield, increase the volatility of the Fund ad/or cause a decline in NAV.

The Holbrook Income Fund is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Holbrook Holdings Inc. is not affiliated with Northern Lights, Distributors, LLC.

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