High-flying markets should beware Icarus lesson

BofA analysts warn of 'melt-up' that could see Nasdaq soar up to 50% higher, before flaming out as tech and credit bubble brings an end to era of excess liquidity and disruption

Mon, Oct 23, 2017 - 5:50 AM

Rob Curranbtnews@sph.com.sg@BusinessTimes

US stocks rose again last week as prospects of a major tax cut and solid economic data offset mixed earnings.

This week, strong factory data and a wave of earnings from some of the biggest technology companies should lead to further highs, unless a crisis in Spain derails global markets...

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