Ten years on from the global financial crisis, we are witnessing the product of the biggest monetary policy experiment in history.
Investors have forgotten about risk and this is playing out in inflated asset prices and inflated valuations.
Whether it’s bitcoin going through $19,000 or falling under $10,000, European junk bonds yielding less than US Treasuries, historic low levels of volatility or triple-leveraged exchange traded funds attracting gigantic inflows — there are so many lights flashing red that I am seriously losing count.
In a challenging global economic environment, the few stocks that are perceived to be capable of delivering dependable growth have, as in the early 1970s, become extremely popular but that popularity has manifested itself in extreme and unsustainable valuations.
The market appears to be making the same mistakes again, but this time the bubble has grown even bigger and even more dangerous.
So those of you who think it's going to be a HUGE year...Think again...get ready for a correction within 6 months.
So expect an influx of people into crypto currency once this market pops....alot of cash will flow into this market for those looking for quick profit.
(makes an interesting case for slowly buying exchange coins eh?)
What do you think?
