Dawn J. Bennett, Host of Financial Myth Busting, Writes Article, "Melt-Ups and the Uncomfortable Truth"
We're truly in a market where the math just doesn't make sense, as if 1+1 equals 10. Last Thursday, the 11th of August, the Dow, the NASDAQ and the S&P 500 hit all time highs on the same day. Even the Wall Street Journal commented that this has the hallmarks of a melt-up, a market pattern where prices rise and rise, despite the fact that there are good and solid reasons to believe that they shouldn't. The market over-revs as...
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