Feels like dot-com days again: Fidelity

Singapore

AS capital continues to gain an edge over labour and profit margins stay high, the bull market in stocks, notably the US, shows no sign of stopping, said Dominic Rossi, Fidelity's global chief investment officer for equities.

The danger is that stocks will rise sharply, he said at a press briefing on Friday. "It's another dot-com era. This feels like the 1990s. That's my biggest worry ... that equity markets will melt up, not melt down."

Mr Rossi remains bullish on the US sto…