Fear the Stock Market's Exuberance, Not the Economy

[McFurd]

Bloomberg - 1/18/2018 - Tim Duy - This rally in equities could be described as “frothy,” but that might not be a sufficiently strong adjective. These days often feel like the late 1990s, when it seemed any company that added “dot-com” to its name was instantly rewarded by investors, even if the label amounted to little more than putting lipstick on a pig. That phenomenon isn’t entirely unlike the bounce in Kodak’s stock price after the company announced the launch of its own cryptocurrency. Read more @ https://www.bloomberg.com/view/articles ... he-economy