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Prof. Chang believes we're in a bubble
#1

Prof. Chang believes we're in a bubble

If so, short that fucker! that's what shorting is for.

http://www.theguardian.com/commentisfree...-investors

So... the CBs are shoving money into banks, recapitalizing them. Due to Basel III regulations, these banks park the new money in safe "risk-weighted" assets, ie. triple-AAA rated bonds. This drives down bond prices, forcing investors to look elsewhere. Money goes into stockmarket.

I do recall that P/E ratios are not irrationally high. Or am I wrong?

A year from now you'll wish you started today
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