Ray Dalio sees 5% of top US stocks in bubble territory

By Nathan CrooksRay Dalio broke out his bubble indicator on Monday and found that about 5 per cent of the top 1,000 companies in the US were priced at what he called unsustainable levels.
Ive seen a lot of bubbles in my time and I have studied even more in history, he wrote in a post on LinkedIn, adding that his proprietary system tracks six measures including prices relative to traditional measures, new buyers and leverage.
While Dalio acknowledged very big divergence among stocks today, he said…

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