Great equity booms typically continue for a year or 18 months longer than a nervous rationalist believes possible.

When the end comes, it is because the US Federal Reserve has hit the brakes, or at least it has been for almost every cycle over the last century. 

Mr Wilson said the Russell 2000 index of small cap stocks has lagged the S&P 500 by 8pc over the last month. 

JP Morgan’s Jamie Dimon says you do not want to be the last person holding bonds when the economy overheats. “I wouldn't touch them with a 10-foot pole,” he said.

“Why in the world would you own bonds?” asks Ray Dalio from Bridgewater

The paradox of recovery is that it brings the eurozone’s festering North-South incompatibility to a head. Reflation robs the European Central Bank of its monetary, legal, and political justification for continuing to finance the entire debt issuance of Italy and Club Med.

Lie back and enjoy the surging global money supply.

Ambrose Evans-Pritchard Telegraph 13 April 2021

https://www.telegraph.co.uk/business/2021/04/13/bull-bearthe-dangers-stock-market-gamble/