Although cannabis stocks have been considered “hot” money, Doug Casey, founder of Casey Research, said that this sector is currently overbought, as is the overall equities market.
“I don’t like the overall stock market…point number two, I’ve been involved in these marijuana stocks, I think that you could never go wrong in two ways: underestimating the stupidity of the American public, or underestimating their desire for vice,” Casey told Kitco News on the sidelines of the Silver & Gold Summit in San Francisco, “unfortunately, it’s become a bubble, and it’s peaking.”
On commodities, Casey thinks that there is more upside still, saying that he is “a commodities bull.”
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Doug Casey’s Investments To Avoid For 2019 (Part2)