RE: Stock markets making new Highs around the world7 Jul 2020 10:04
We all recall the housing market in 07/08, insane prices going up each thousands each week, people buying houses at 125% LTV as all houses purchased WILL increase in value!
Converting 80 % my stock portfolio to cash, Sadly AML did not make the cut, as was in higher risk category, short term trading for me for a while ( which will include AML ) as my gut is screaming something is looming.
Companies valued in the billions cannot keep adding 3, 5 even 10% a day and companies surely cannot be valued in the billions with zero product or fundamentals.
Haven't even touched on company results, Covid, further lockdowns, incoming redundancies, Brexit, Hong Kong, US election and the list goes on :-)
Any financial correlation to whats happening now from 07/08? - for me yes.
I have enjoyed reading this BB from some of the people ( I am guessing WG is actually a Ghost Writer and has been fun to read ) - GLTA whatever you do.