I don't think people are really contemplating what they're doing in the stock market. I do a Google Trends word search, tells you the number of times people look for a term. And when you do that on the term "speculative bubble" it doesn't even register in July - zero. Hardly anything in the headlines of news stories. So nobody's even thinking... they're not calling this - which I consider to be the biggest speculative bubble of my career - beyond 2000, beyond 2007. This is the everything bubble: junk bonds, stocks, tech stocks, you name it. Everybody is in here for one reason and one reason only: because interest rates are low. That's the definition of a speculative bubble. It's created by phony interest rates.
~ Michael Belkin, August 9, 2014, interview with Eric King on King World News
Showing posts with label reach-for-yield bubble. Show all posts
Showing posts with label reach-for-yield bubble. Show all posts
Aug 10, 2014
May 18, 2013
Wilmington Trust analyst bullish: "momentum is really strong"
There isn't a technical level that we have in mind at this point when making decisions. The momentum is really strong, and riding along that momentum is what we should have in mind at this point.
~ Cam Albright, director of asset allocation at Wilmington Trust Investment Advisors, "Correction talk gets old as market sails ahead," Fox Business News, May 18, 2013
~ Cam Albright, director of asset allocation at Wilmington Trust Investment Advisors, "Correction talk gets old as market sails ahead," Fox Business News, May 18, 2013
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