fca2019 wrote:Does anyone think SMT is heading into bubble territory. It is up 74% since 23 March, and since lockdown its growth rate has been remarkably consistent. We've obviously had a bounce back after a crash but looks unsustainable. Do you think its taking more and more risks to get this level of growth, or is it luck, or herd behaviour driving prices about where they should be?
I think it is herd behaviour and it will correct back. One "I prepared earlier"...a plot of total return over the last 5 years showing the significant increase in the last couple of months compared to general performance.