The market is in a 'things can't get any worse' rally - The Australian Financial Review

The exuberant rally in financial markets over the past six weeks suggests that investors are more than happy to participate in the Fed’s ‘wishful thinking’.

The 1973-74 bear market was a brutal one as investors fretted about rising inflation and faltering economic activity, which was exacerbated by OPECs decision in October 1973 to stop exporting oil to … [+5635 chars]

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