Option Millionaires

[jimmybob]

Central banks could be this market's Pets.com
Central banks could be this market's Pets.com according to a WSJ piece (subscription) that notes the tech bubble of 1999 has been replaced by the "euphoria in fixed income in 2016." That said, this is mostly a historical look-back and stretch by way of comparison and the article offers mostly interviews and supposition, rather than hard evidence. It does identify the central investor tenant: "this reflects the basic market belief that the world economy is weak enough to keep central banks pumping out free money, but not so weak that company profits dive; that's a very small sweet spot.