Subject: Re: Both Japanese & Korean equity markets at new h
I won't bore you with the ups and downs of the markets since then other than to state that we are now in unprecedented times which combine a lack of banking regulation not seen since the 1920's, stock valuations which are "frothy" to be polite and a Fed which is likely to become increasingly "accommodating" considering the likelihood that it will become politicized.
This is not intended to be political, though some will surely take it so.
From the US Policy board comes this nugget:
Not long ago, I asked Google's net sifter if the German stock market went up in the 30s. Yes, the German market went up, but the companies closely associated with the Nazi party went up more than the average.
https://www.shrewdm.com/MB?pid...