‘We’re in nosebleed territory’ three market analysts on where stocks head in 2021

‘We’re in nosebleed territory’ three market analysts on where stocks head in 2021

Stocks are on track to end the first trading week of 2021 higher, despite an unexpected drop in jobs last month, turmoil in Washington and the ongoing Covid pandemic.Here are three experts with their market outlooks for 2021.Dick Parsons, former Citigroup chairman, is growing more concerned about trouble ahead."We're into a sort of risk-on, buy everything mode. Everything is going up and money is pouring into the market, driving … things even higher. And there seems, in my judgment, there's a kind of a disconnect that's going between growth in the market, and the state of the real economy. And eventually, the state of the real economy is going to catch up. And I am concerned that we could see, you know, a bubble bursting and the markets falling precipitously. I mean, this has happened before after melt-ups, market always crashes. And, you know, if it were to crash at a point in time where we have other issues like the pandemic that we're dealing with or a seriously injured global economy, it could portend a lot of difficulties going forward."Mellody Hobson, president and co-CEO of Ariel Investments, sees a rotation to value over growth."Growth has trounced value for 13