The Fat Lady has not sung yet

Posted on

So the FTSE decided to bounce back a bit:

But the Dow Jones was not so sure:

I'm not sure the Fat Lady has sung as yet.

Many commentators now seem to agree stock markets are heavily over valued. If the correction is not now it is coming.

But still people buy. If ever proof of irrationality was required, or alternatively that there persists a belief amongst many that they can beat the market, this looks like it.