Rekord på börsen i Stockholm

 


Den två år långa ökenvandringen är över

https://englundmacro.blogspot.com/2024/03/den-tva-ar-langa-okenvandringen-ar-over.html



But is it a bubble? 




The Nasdaq hit a new high on Thursday, having risen 54% since the start of last year, while the S&P 500 is up 32%

But is it a bubble? There’s no single definition of a market bubble, but for me it has to involve a speculative mania. 
It’s when buyers en masse cross the line from 
assessing future profit potential to buying something they know is unreasonably expensive—or just don’t care about the price at all—because they think a greater fool will buy it off them at an even higher price.

This seems to be missing.

Sure, stocks are up a lot. But this often happens after a big fall. The point of the Nasdaq making a new high is that it’s only just passed where it was at the end of 2021, before it fell 36%. 

James Mackintosh Wall Street Journal 2 March 2024 

https://www.wsj.com/finance/stocks/a-frothy-market-misses-vital-bubble-ingredients-510efbaf



U.S. stocks in a bubble? No.

https://englundmacro.blogspot.com/2024/02/us-stocks-in-bubble-no.html




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