In my day job I manage a portfolio of about 120mil, I have an advisor who manages billions for superfunds. He's smart and connected!
He made an off the cuff comment the other day "you do know that recessions are optional now" with a general reference to QE
Been wondering what would make the mania part of this bull market kick off, it will require an "its different this time idea"
Just a thought, but I wonder if thats what this times "it s different" idea will be "you can print your way out of anything"
We are in a bizzare space just now, good news is good, bad news is good (more printing).
There has been an implicit central bank put for the market for some time but over the last 5 years its become explicit imo, they would never dare let Lehman happen again.
Wonder how many others out there are getting this advice and are acting on it?
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Last
8,751.1 |
Change
112.100(1.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,754.6 | 8,639.0 |
| XJO (ASX) Chart |