Andrew Ross Sorkin sees worrying signs in market after months of ups

60 Minutes - Newsmakers AI boom propping up economy as some guardrails are coming off, journalist Andrew Ross Sorkin warns .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-60-minutes.jpg'); } By Lesley Stahl Lesley Stahl Correspondent, 60 Minutes One of America's most recognized and experienced broadcast journalists, Lesley Stahl has been a "60 Minutes" correspondent since 1991. Read Full Bio Lesley Stahl Updated on: May 24, 2026 / 7:00 PM EDT / CBS News Add CBS News on Google This is an updated version of a story first published on Oct. 12, 2025. The original video can be viewed here. The stock market has been steadily rising for many months now, despite occasional volatility around issues like tariffs and war. This resilience got us thinking about booms, busts, and bubbles, so we decided to talk to one of the country's top financial reporters: Andrew Ross Sorkin. As we first reported in October, Sorkin had just written a book called "1929" about the market crash a century ago. We wondered if he ran out of news to cover, or was he alerting us that what's happening in the markets right now - is a replay of what led to the most devastating financial collapse in our history?Imagine the New York Stock Exchange back then: the crush of frightened traders dumping stocks, investors losing their shirts, businesses, their homes, sweeping away the Roaring '20s, walking that same but transformed floor today.Andrew Ross Sorkin: Everything's digital.Lesley Stahl: Well, yeah, OK.Andrew Ross Sorkin says we're in our own roaring '20s: the 2020s. with stocks climbing for months, just like then. Andrew Ross Sorkin: The crazy part about this is, from 1928 to September of 1929, the stock market was up 90%!Lesley Stahl: When you say the stock market was way up, immediately I think of now. Are you scared?Andrew Ross Sorkin: I'm anxious. I'm anxious that we are at prices that may not feel sustainable. And what I don't know is we are either li...