Strategist warns of 'another lost decade in equities'

Daily roundup of research and analysis from The Globe and Mail's market strategist Scott Barlow New York-based RB Advisors is concerned about another lost decade for U.S. equities, "The current speculative environment seems to increasingly resemble the Technology Bubble of 1999/2000. Leadership is narrow, valuation dispersions are massive, relative strength and momentum are the primary drivers of performance, and investors are shunning diversification to take impulsive near-record portfolio risk. All bubbles eventually burst, and the bursting of the Tech Bubble led to the so-called lost decade in equities during which the S&P 500 provided negative returns for a decade ...The…