The markets believe in Goldilocks -

The markets believe in Goldilocks

Credit: economist.com

  • Dec 07 2017 18:15About: 9 days ago
  • 10 views

ANOTHER week, another record. The repeated surge of share prices on Wall Street is getting monotonous. The Dow Jones Industrial Average has passed another milestone—24,000—and the more statistically robust S&P 500 index is up by 17% so far this year. Emerging markets have performed even better, as have European shares in dollar terms (see chart).

Political worries about trade disputes, the potential for war with North Korea and the repeated upheavals in President Donald Trump’s White House: all have caused only temporary setbacks to investors’ confidence. No wonder the latest quarterly report of the Bank for International Settlements asked whether markets are complacent, noting that “according to traditional valuation gauges that take a long-term view, some stockmarkets did look frothy”, and pointing out that “some froth was also present in corporate-credit markets”.

The authors of the BIS report are not the only ones to worry that markets look expensive. The...Continue reading

Follow Us on Twitter

ANOTHER week another record. repeated surge share prices Wall Street getting monotonous. Jones Industrial Average passed milestone—24000—and more statistically robust S&P index this year. Emerging markets have performed even better European shares dollar terms (see chart).Political worries about trade disputes potential with North Korea upheavals President Donald Trump’s White House: caused only temporary setbacks investors’ confidence. wonder latest quarterly report Bank International Settlements asked whether complacent noting that “according traditional valuation gauges take long-term view some stockmarkets look frothy” pointing “some froth also present corporate-credit markets”.The authors ones worry expensive. The...Continue reading

Related stories with The markets believe in Goldilocks

African countries are building a giant free-trade area -World News
African countries are building a giant free-trade area 9 days ago
“AFRICA must unite,” wrote Kwame Nkrumah, Ghana’s first president, in 1963, lamenting that African countries sold raw materials to their former colonisers rather than trading among themselves. His pan-African dream never became reality. Even today,
Rio Tinto puts its faith in driverless trucks, trains and drilling rigs -World News
Rio Tinto puts its faith in driverless trucks, trains and drilling rigs 9 days ago
Data-mine oreFOR millennia, man has broken rocks. Whether with pickaxe or dynamite, their own or animal muscle, in a digger or a diesel truck, thick-necked miners have been at the centre of an industry that supplies the raw materials for almost all indust
Paint your bathroom this color and boost your home’s selling price by $5,400 -World News
Paint your bathroom this color and boost your home’s selling price by $5,400 9 days ago
Maybe don’t go with Pantone’s 2018 color of the year.
Video games could fall foul of anti-gambling laws -World News
Video games could fall foul of anti-gambling laws 9 days ago
Four-sided banditA DECADE ago the idea of paying real money for virtual items was strange and exotic. These days many video-game publishers build their business models around it. Some of the world’s biggest games, such as “League of Legends”, cost n
These 4 colors can be the kiss of death when selling your home -World News
These 4 colors can be the kiss of death when selling your home 9 days ago
Painting your home with a weird color either inside or out could repel prospective buyers.
The beast of Bentonville battles Amazon, the king of the e-commerce jungle -World News
The beast of Bentonville battles Amazon, the king of the e-commerce jungle 9 days ago
A BOA constrictor swallowing capitalism. A cyclone dragging the economy into its vortex. If you look back at how people described Walmart a decade ago, it is eerily similar to how Amazon is viewed now. The supermarket chain has “a scale of economic powe
Western companies are getting creative with their Chinese names -World News
Western companies are getting creative with their Chinese names 9 days ago
MCDONALD’S drew ridicule in China when it changed its registered name there to Jingongmen, or “Golden Arches”, in October, after it was sold to a Chinese consortium. Some on Weibo, a microblogging site, thought it sounded old-fashioned and awkward,
Hedge funds embrace machine learning—up to a point -World News
Hedge funds embrace machine learning—up to a point 9 days ago
ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making
York police release video of male suspect beating man in illegal Richmond Hill gambling den -World News
York police release video of male suspect beating man in illegal Richmond Hill gambling den 9 days ago
Investigators with the York Regional Police #2 District Criminal Investigations Bureau are seeking a suspect and have released surveillance video of an assault that took place at an illegal gaming den in the Town of Richmond Hill. On Friday, June 9, 201
So many and so many hours in 3 minutes -World News
So many and so many hours in 3 minutes 9 days ago
preparatory center for animals to be released into the wild
At least three people killed in New Mexico high school shooting -World News
At least three people killed in New Mexico high school shooting 9 days ago
Three people are dead following a shooting at a New Mexico high school, authorities said.