Aswath Damodaran of NYU Stern School of Business says “people are off balance. Too much has happened too soon this year for people to try to make sense of … what’s coming.”
Aswath Damodaran of NYU Stern School of Business says “people are off balance. Too much has happened too soon this year for people to try to make sense of … what’s coming.”
well said professor
Monday morning, British government did a u-turn and canceled the tax cut for rich people. That reduced the risk of a melt down of the Gilt market. (BOE’s plan to buy bonds for 2 weeks was only a temporary and emergency rescue.) So the yield of all the bonds market dropped quickly. The stock marker rally was expected when the yield of the 10-year Treasury came down quickly.
😎😎😎😎😎
Love the professor
This gentleman is one of those speakers who knows what he is talking