Market Pulse: Suffering from A Double Blow
Wise investors would not recklessly ignore market sentiments, one of the determinants of price movement. In fact, rational- even fundamentals- considerations are often simply run over by market sentiments.
The New York stock exchange index makes a good example throughout 2017, setting record after record. Investors do not seem to care about the possibilities that stock prices are already too high.
The irrational exuberance extended to stock marke...