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Jim Bianco explains why rising Treasury Yields shouldn’t push investors away from stocks... yet.
4 years ago
1
“It is a mania. I know that word scares people, but it shouldn’t,” the Bianco Research president told CNBC’s “Trading Nation” on Tuesday. “The great thing about a mania is you make a lot of money fast. The hard thing about a mania is getting out with that money.”
Bianco suggests it’s the wrong time to bail on stocks. He believes the market is early in the manic stage, and he draws a comparison to the 1990s boom.
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