Quote:
Originally Posted by Osem
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.
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There is sufficient confidence for people to believe they'll make money. It may be hope but it's also indicative of a degree of confidence that their hope is justified.