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FTSE Mib FuturesY SOPRAVVISSUTI di Idee e grafici. parte seconda
(2 lettori)
So even given the level of interest rates, we expect a market loss of about -65% to complete the current speculative market cycle. That’s a much different proposition, however, than saying that this collapse will occur right away. If you watch financial television, you’ll hear a great deal of chatter about the “fundamental support” below current prices. But attend carefully, and you’ll find that nearly all of these arguments reduce to a list of factors that make the investment environment feel good at the moment. These feel-good factors are being extrapolated into the future just as surely as Irving Fisher did in 1929 when he proposed that stocks had reached “a permanently high plateau