Why have global stock markets gone up this year?
Another pointer he watches is the ratio of bets that the market will rise compared to bets that it will fall. Recently, rising bets outweighed falling bets by the most since 2012, external.
“A big mistake people make is they go through the analysis we just did, we come to the conclusion that we are priced too high, I have to get out,” he says. “They say, ‘But I’m smarter than the market.’ No you’re not. Nobody is.”
There are a few reasons for markets to carry on their run, says Ms Noffke, at least for a while.
Plenty of people who have kept their jobs have been spending much less and will want to have some fun and make some purchases once they can, she says.
Governments are unlikely to return to the austerity measures seen in the wake of…
