Tuesday, August 02, 2016

For All the Bleeping Uncertainty, 
Why Is The Stock Market 
At All Time High?
Mish Shedlock* sees the challenges to the financial markets over extensive uncertainty - "There’s uncertainty over the U.S. election, over Brexit, over interest rates, over the strength of the U.S. economy, and over over global trade. Will the Bank of China devalue the yuan? Will the Bank of Japan aggressively target deflation? What will ECB president Mario Draghi do when he fails to hit his 2% inflation target? Will Austria vote for an anti-immigration president? Will Italy’s prime minister Matteo Renzi get the constitutional reforms for Italy that he seeks? If not, will he resign as promised? What about the rise of euroskeptics in France and Italy? .. Uncertainty will continue. The more certain economists and market participants are about things, the more likely they are to be wrong. I don’t know, and no one else does either."
LINK HERE to the commentary

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