Because this super bubble (or "everything" bubble) has brought a super level of ignorance with it. Now the stock market doesnt pre empt a recession anymore by tanking six or more months in advance, so we have JAPAN, Germany, UK, NZ in recession, yet their indexes are at or near ATHs.
Likewise bonds are mispriced because investors are ignorant of the associated risk, or else they just think the party aka QE experiement will go on forever.
I think we should all run our household budgets the same way the USA does. Wouldnt that be fun?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-14709
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Last
8,570.4 |
Change
-9.700(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,580.1 | 8,593.6 | 8,558.3 |
| XJO (ASX) Chart |