{"id":26109,"date":"2017-09-26T05:44:15","date_gmt":"2017-09-26T10:44:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26109"},"modified":"2017-09-26T05:44:15","modified_gmt":"2017-09-26T10:44:15","slug":"bubble-about-to-burst","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26109","title":{"rendered":"Bubble About to Burst?"},"content":{"rendered":"
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Bubble About to Burst?<\/a><\/h3>\n<\/header>\n
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(<\/b>ANTIMEDIA<\/b><\/a>)<\/b>\u00a0\u2014<\/i>\u00a0Last month,\u00a0Anti-Media<\/i>\u00a0reported<\/a>\u00a0that some of the biggest institutions on Wall Street have issued warnings to investors that planet-wide financial markets are nearing a downturn. From an August 22\u00a0article<\/a>\u00a0by\u00a0Bloomberg<\/i>:<\/div>\n

\u201cHSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.<\/i><\/p>\n

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\u201cAnalysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop.\u201d<\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n

It appears the fear may be spreading. Citing a new financial survey, Mark DeCambre of\u00a0MarketWatch\u00a0<\/i>reported<\/a>\u00a0on Friday that a vast majority of Wall Street executives interviewed think the currently record-setting stock market is about ready to decompress:<\/p>\n

\u201cMore than 80% of chief financial officers surveyed by accounting firm Deloitte said U.S. stock markets are overvalued, marking the highest level since Deloitte began conducting its quarterly poll about eight years ago.<\/i><\/p>\n

\u201cThe findings underline an increasing sense of dread by market participants that stock valuations have become bloated after the S&P 500 index, the Dow Jones Industrial Average and the Nasdaq Composite Index have registered repeated records and remain less than a percentage point from fresh records in recent trade.\u201d<\/i><\/p>\n

Specifically,\u00a0DeCambre\u00a0writes<\/a>, the Dow has hit 42 records thus far in 2017, Nasdaq has hit 49, and the S&P 500 has ended on record highs 37 times.<\/p>\n

MarketWatch<\/i>\u2019s Ciara Linnane also\u00a0reported<\/a>\u00a0on the new survey on Friday. Linanne spoke with the survey\u2019s lead author and managing director of Deloitte\u2019s CFO program, Greg Dickinson, who said one of the most worrisome risks to the market CFOs cited was\u00a0tension<\/a>\u00a0between the United States and North Korea.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Bubble About to Burst? (ANTIMEDIA)\u00a0\u2014\u00a0Last month,\u00a0Anti-Media\u00a0reported\u00a0that some of the biggest institutions on Wall Street have issued warnings to investors that planet-wide financial markets are nearing a downturn. From an August 22\u00a0article\u00a0by\u00a0Bloomberg: \u201cHSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[8803,1806,506],"class_list":["post-26109","post","type-post","status-publish","format-standard","hentry","category-economics","tag-antimedia","tag-bubble","tag-markets"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26109"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26109\/revisions"}],"predecessor-version":[{"id":26110,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26109\/revisions\/26110"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}