Quote:
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Equity markets in Asia, the US and Europe have been buoyed by central bank attempts to revive economic growth by pumping cash into the financial system
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http://www.bbc.co.uk/news/business-21680542
I'm no expert but it seems to me that there's no real confidence behind much of this growth, it's a case of hope. With returns in many other investment sectors and on savings so poor, stockmarkets are almost bound to go up.
My concern here is that the market is so distorted right now that savers etc. are diving into investments out of desperation and we run a real risk of yet another bubble inflating with a very painful bust to follow.