Best run since 1927! Yippee!!
Dow: Longest bull run in 80 years
Blue-chip gauge matches 1927 record for longest up streak; Alcoa bid for Alcan, falling oil prices help.You have to love articles like this. A big cheer and hurrah. Best times since 1927! Cheer! Cheer! Hip hooray!
Sigh. I was only thinking today that I hadn't found an article worth linking to the blog, but any article that trumpets just how great it is to be in a repeat of the late 1920's really has to take the award.
Nothing much of interest in the article except the pervading sense of irony.
posted by Peter at 5:21 pm
2 Comments:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aT7p.papJIlA&refer=home
``We need a little more sanity in a period in which everyone feels invincible and thinks this is different.''
CEO, Bank of America
``I am not a forecaster of the future; I'm a historian. And history says this will blow up. It always has. And there will be some blood on the street.''
CEO, Wells Fargo
Well no arguments there. Tulip anyone?
The following is an article from Ty Andros on the recently emerging bubble in the Shenzhen and Shanghai stockmarkets. Daily turnover has increased on these markets from USD1b to USD46b in under 12 months. There appears clear evidence of a speculative mania emerging here with the amount of business being conducted on these exchanges now in excess of Japan, Hong Kong, Australia, S Korea, Singapore, Taiwan, and Thailand combined. Makes for a good read:
https://www.thefuturestrader.us/archiveTA/tedbits-May18-07.pdf
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