Horizon's Mike Dickson Says Stock Market Bubble Warning May Be "Too Early"

Horizon's Mike Dickson says the math still supports the current rally, even as a former New York Fed president sees a bubble bursting before the end of 2027.
Bill Dudley has warned that valuation metrics, including Buffett-style signals, are flashing red. Dickson counters that while the market will eventually pull back, today's rally remains strongly supported by underlying earnings, noting the Nasdaq is up about 175% since 2023 compared with nearly 1,100% in the late 1990s, suggesting rallies can run much longer than expected.