The stock market has had a remarkable run this past year. Indeed, the returns over the past 15 years in the U.S. market have been exceptional. Times have been so good that the short-seller Hindenburg Research just announced it is closing its doors. Hindenburg was a hedge fund that made money by betting certain stock prices would go down. Its capitulation surely signals a booming market. Investors are reacting to this in one of two ways. The optimists think that the good times will keep rolling and they are pouring more money into stocks which have performed particularly well. The pessimists warn that the good times can’t last forever and are putting money under the mattress for the next recession. Which camp is right?
留言