Monday, 11th March 2019
Between fear and complacency….
The bull market in stocks turned 10-years-old on Saturday….
It’s not been a case of straight up like a vertical line. Bull markets don’t work that way. And nor do bears….
But looked at across the length and breadth of an entire decade, stocks have been going up, up, up….
…. Fueled by the lowest interest rates ever known to man and plentiful cheap and easy credit for governments, businesses and consumers….
…. And given extra impetus by government/central-bank-backed programmes of quantitative-easing, money-printing or bond-buying (call it what you like)….
To put things into context, the FTSE 100 closed at 4434 at the end of 2008 – down 31.8% on the year before….
By July 2018 – at its all-time-highest-point – the index had not only bounced back but had gained more than 75%….
- Buttering the bread….
It’s not been entirely plain sailing since….
Markets appeared to be on the turn at the end of 2018 with sharp drop-offs in stock values across the global board….
And why not? A correction appeared overdue. And there was plenty going on in the world to unnerve stock-market investors….
…. A trade war boiling-up between the US and China….… Click here to read more