Desperately Seeking Safety
December 12, 2012
Are you searching for safety? If so, you are far from alone.
In “Desperately Seeking Safety,” Bernstein Chief Investment Officer Seth Masters argues that macroeconomic uncertainty and post-2008 trauma have fuelled a safety bubble.
While many market bubbles were born of greed, this one was born of fear. But it’s still a bubble—so it’s unlikely to last.