No one’s afraid of the big bad rally as stock fervor abounds - San Antonio Express-News

mySanAntonio.com| Tue Jan 09 13:00:44 EST 2018
The sound of euphoria just got a bit louder. The new year isn’t even two weeks old, and already $2.1 trillion has been added to the market capitalization of global equities. The market is verging on such overbought levels that not even reliably bullish analysts can keep up with the new highs. Optimism is upending the once-dour mood of a rally noted for the hate it inspired. The bull market, now in its ninth year, has finally reached the point of euphoria, said Morgan Stanley’s U.S. equity strategists. “Now, we have seen a total reversal with people having a hard time even imagining how the market could decline,” they wrote in a report dated Monday. “We must admit the speed and relentlessness..

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