The stock market bubble has burst and investors betting on a rally are in denial, investment manager says

• The speculative era in stocks is over, and investors are in denial over the burst of the pandemic stock market bubble, Richard Bernstein Advisors said.
• The investment firm said liquidity in the market was shrinking faster than in 2000 and 2008, when the dot-com and the housing bubbles burst.
• Investors buying into the current rally are ignoring changing market conditions, the firm warned.

The bubble in stocks has burst, and investors who are betting on a rally in the market are still in denial over the changing economy, according to Richard Bernstein Advisors.