Are soaring markets and house prices an 'epic bubble' about to pop? | Larry Elliott
by Larry Elliott from on (#5CMJJ)
QE is fuelling huge speculation with investors trusting central banks will step in if markets dive
There was plenty of bad news in America last week. A mob of Donald Trump supporters stormed the Capitol building. The number of new Covid-19 infections hit a record high. Employment fell by 140,000.
None of it fazed Wall Street which continued to climb to dizzying new heights. That's the way with financial markets. When they are in that sort of mood they go up when the news is good and they go up when the news is bad.
Related: Is 'hysterical' market speculation pushing us towards another crash?
Related: Why global markets appear impervious to bad news
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