Authoreed by Lance Roberts via RealInvestmentAdvice.com,
As the stock market continues to press new highs, the level of optimism climbs with it. I discussed yesterday Richard Thaler’s, a recent recipient of the Nobel Price in Economics, comments about not understanding the current “irrationality of investors relating to their investing behavior.”
Buy it all... On the week - Stocks are up, Treasury Bonds are up, Corporate Bonds are up, Gold is up, Bitcoin is up, and WTI Crude is up...
Before we get started - consider the following...
President Trump continues to exuberantly promote the "unprecedented" stock market rally since his election...
It would be really nice if the Fake News Media would report the virtually unprecedented Stock Market growth since the election.Need tax cuts
— Donald J. Trump (@realDonaldTrump) October 11, 2017
But just how 'unprecedented' is it?
The answer is not simple.
Via Dana Lyons' Tumblr,
The persistence of the recent stock rally is nearly unprecedented in the past 50 years.
We noted a month ago that the long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019, but now, according to The FT, Aramco is considering shelving plans for an IPO altogether in favor of a private share sale to the world’s biggest sovereign wealth funds.