This is via an article in the Wall Street Journal title: How to Spot a Market Top
It begins generically enough with the sort of stuff you hear all the time:
- A da Vinci sells for $450 million
- one bitcoin is worth $7,700
- 99-year-old Austria issues a 100-year bond at an interest rate of 2.1%
- Clearly there is too much money in the world. That isn't new, but how long can it last?
- With central banks scaling back stimulus, investments that appear attractive when interest rates are near, or below, zero suddenly look silly.
Then, some, errr ... wisdom:
- The end may come soon, or the current investing nirvana could go on.
K, thanks.
But, then it gets better:... walks through the risks and likely scenarios for markets in the coming months. It is ungated (I think), co check it out while we await Europe/UK action:
How to Spot a Market Top
The investing nirvana that has driven markets in recent years is under attack as central banks scale back stimulus
