Bubble In European IT Gets Bigger, Energy Deflates: UBS

European IT bubble? Predicting when an asset bubble is going to burst and which sectors of the market are getting "bubbly," is quite hard, but UBS' Crowding Barometer is attempting to do just that. In a new report, the firm's analysts point out the sectors which are overbought or oversold around the globe.

Energy no longer a crowded sell

In the latest edition, the barometer notes that in the U.S and Europe, the energy sector is no longer the most crowded sell now that oil prices have rebounded. However, in Asia ex-Japan, Energy is still the most...