I’m waiting for some one to come out a say the truth, this market is being manipulated, I am but a casual observer with no stock in this market, but I can see it, maybe that’s why I can see it.
I can use one market indicator as an example, several years ago when bad news hit the market it went down, good news it went up, just this one indicator has been that way for many years, now they are upside down, bad news drives the market up, good news, it might go up albeit less than bad news.
I’m sure sophisticated market watchers and investors will disagree with my assessment of market manipulation, so I cannot argue with them, because I can’t identify the who, what, where, when, how, but I think I might know why...
I wouldn’t go as far as saying the markets are manipulated.
But would agree that when you apply historically accepted models for valuation, things haven’t made sense for quite some time.
The world is awash in dollars.
There are fewer and fewer places for this massive amount of cash to invest in. They can only buy soo many Government bonds, corporate bonds, mortgage backed securities etc.
There is soo much money available to them that they must move along and out the risk curve to sustain the returns they have been accustomed with.
There is a huge difference between buying certain assets because they “Want to” and buying them because they “Need to”. They need to buy those assets because they have no other choice.