“They fled the perceived risk of falling stock prices right into the assured risk of overvalued assets,” said G. Scott Clemons, chief investment strategist for the wealth management division at Brown Brothers Harriman.
No one knows for sure if these assets are truly overvalued. But investors in T-bills did get hurt rather quickly in late 2010 and early 2011. And gold prices are based largely on sentiment, which can change in an instant.
WhataBummer413 posts since Oct 15, 2010 Rep Points: 1,702