The author of the following article is of the opinion that the SSE is in serious bubble territory and the bubble burst, which could be within a few months, could precipitate GFC2.
The key charts from the article are shown below. Despite the somewhat compelling comments in the above article, from a simple charting perspective, the 2007 - 2015 chart shows that the SSE still has a fair way to go before reaching the pre GFC peak of around 6000 in late 2007. Hence, perhaps the SSE is due for a pause, or a short dip, about now before an assault on the pre GFC peak.
If the SSE does continue its parabolic path to 6000, then no doubt that bubble will be pricked. However, if the SSE enters a consolidation phase where the SSE tracks sideways for a year or so, then the argument for a bubble prick and precipitation of GFC2 will be considerably weaker.
