people are tired of negative nominal returns from managed treasury accounts, don't trust or understand commodities, and won't put more money into real estate right now.
if every other investment option is worse, the stock market is comparatively attractive.
if loan performance is worsening worldwide, only about 25% of the estimated losses have been written down (292B out of 1.2T), and industry is slumping (auto sales down more than 15% yoy), how do markets go up?
Why Yesterday's Optimism Wasn't Warranted [View article]
people are tired of negative nominal returns from managed treasury accounts, don't trust or understand commodities, and won't put more money into real estate right now.
if every other investment option is worse, the stock market is comparatively attractive.
Why Yesterday's Optimism Wasn't Warranted [View article]
if loan performance is worsening worldwide, only about 25% of the estimated losses have been written down (292B out of 1.2T), and industry is slumping (auto sales down more than 15% yoy), how do markets go up?
how does any of this represent a bottom?