Oh yeah, total melt up - and absolutely no fundamental reasons for equities to be so high at the moment. If this isn't a bubble, then I don't know what is. But doesnt mean it will revert back tomorrow either.
Interesting article in Sydney Morning Herald / The Age today by Stephen Bartholomeusz. US Fed tomorrow will be meeting and discussing more easing of monetary policy, essentially increasing the inflation targeting, etc. All this undermines the US currency, and pushes up equity prices.. so you know, just another reason for tomorrow to be possibly a bad day for BBOZ in short term. The world is rigged
