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posted: 11/24/2013 6:57 AM

Some see bubble ahead in some stocks as result of low interest rate

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  • Specialist Anthony Rinaldi is reflected in one of his screens at his post on the floor of the New York Stock Exchange. The Dow Jones industrial average has surged 900 points since early October and crossed the 16,000-point threshold Monday.

    Specialist Anthony Rinaldi is reflected in one of his screens at his post on the floor of the New York Stock Exchange. The Dow Jones industrial average has surged 900 points since early October and crossed the 16,000-point threshold Monday.
    Associated Press

 
Bloomberg News

While in the minority, some investors say prices have climbed so high it's possible to look ahead and see an ugly end. Laurence Fink, chief executive officer of BlackRock Inc., the biggest U.S. money manager, said in an interview with Bloomberg Television on Nov. 12 that he feared a bubble and the Fed ought to quit buying so many securities. "At some point we'll have to pay the price of this," said Michael Shaoul, chief executive officer of Marketfield Asset Management LLC in New York.

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