US markets are at an all time high.
Is it justified?
That's BEFORE the financial crisis, and the question that goes through my mind is...
Is the economy 60%-120% better or more healthy than what it was BEFORE the financial crisis.
Personally, I think the answer is no.
Things are definitely better than what is was AFTER the crisis.
But are things better than BEFORE? I really don't think so.
At least the lives of people haven't improved by that much.
I think this large gains are mainly fueled by loose monetary policies by the central banks.
Of course, this doesn't mean that the markets will crash. I don't know when or whether it will crash. Maybe the music continues to play for very much longer and the party continues.
But it does make me think a lot.
I wonder how much of this is the greater fool theory?
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