CNBC Stock Blog

We're Approaching a Market Bubble: Portfolio Manager

The emerging markets have seen some tremendous gains in their stock markets over the past year, easily beating the U.S. and Europe. So is it a bubble—and if so, does the Dubai crisis prick it? John Lekas, chief executive and portfolio manager of Leader Capital, provided his insight.

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Trader Reaction to Dubai

“Ultimately, what’s going to happen is the dollar is going to approach its all-time low,” Lekas told CNBC.

“It will break and that break will cause a blow-off in the market—and then we’ll begin seeing and realizing the real problem of a falling dollar.”

Lekas said the falling dollar will help Dubai as oil prices move up, but it will only be temporary.

“I do think we’re approaching a bubble here,” he said.

Lekas Likes:

- 30 Yr Treasury Bond

- Google

- Intel

- Apple

  • Watch Lekas' Previous Appearance on CNBC (Oct. 16, 2009)

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Disclosures:

No immediate information was available for Lekas or his firm.

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