Top of the market - the series returns - part 6
Stockmarket cassandras at Bank of America Merrill Lynch and JP Morgan were out in force yesterday, warning of impending market crash.
So, several leading British newspapers, such as The Times, took those warnings seriously by splashing their business sections on the strategists' gloomy predictions. Here is a link to today's piece in the The Times:
Given world stockmarkets are flirting with record highs with very little volatility I can understand why these "experts" are speculating about a looming market correction.
But, as little old Betaville well knows, attempting to predict a stockmarket crash in these QE inftlated markets so far resulted in egg on face for even the world's most experienced market practitioners - see little old Betaville's Odey the Brexiteer series.
In fact, below is a link to the latest instalment: