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The stock market is turning into a casino — raise cash, and also buy this AI company, says strategist

19d ago
Business
MarketWatch
Business meeting
Market strategist Yves Lamoureux is adopting a neutral stance on stocks, revising his previous "extremely bullish" outlook. Lamoureux suggests the market is increasingly resembling a casino, driven by speculative investor behavior. He advises raising cash positions. Despite this cautious outlook, Lamoureux highlights an AI company as a potential buy, though the specific company was not named. The shift reflects concerns about the sustainability of current market valuations and the increasing prevalence of risk-seeking investment strategies.
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