The FTSE 100 ended the day up 0.34%. I am still expecting large falls but so far this has not happened. Sentiment is pushing it higher but reality should push it well down.
I can't help thinking we are
living in a parallel universe where reality does not apply.
With all the debt and uncertainty in the world, I think those who invest in the companies listed in the FTSE 100 are living their lives with their eyes and ears closed. At some point, reality will set in and the brown stuff will hit the fan big time and all hell will let loose. At some point, the world faces a MASSIVE re-adjustment and no-one will be immune.
Growth cannot continue in a world with limited resources. Also, living on debt cannot go on for ever. When interest rates are very low it may make sense, but what happens when these rise? China is a real danger and so apparently is Japan.