KEJI - The Stock Market Is Partying Like It Is 2008
2024-04-05 04:30:00 ET
Summary
- The stock market is partying like it is 2008 even at a time of high interest rates and of growing geopolitical, financial system, and trade risks to the economic recovery.
- The general indication of partying markets are stretched equity valuations and the repeated setting of new records by the S&P 500 and Dow Jones.
- One of the risks that the market seems to be taking in its stride is the risk of heightened world trade tensions.
Reflecting on the stock market bubble of his time, Isaac Newton famously said that he could calculate the movement of the planets but not the madness of men. We have to wonder what he might have said about today's frothy stock market. The market is partying like it is 2008 even at a time of high interest rates and of growing geopolitical, financial system, and trade risks to the economic recovery....
The Stock Market Is Partying Like It Is 2008