Wednesday April 8, 2020

Mistaking illness for a cure

What if rising share prices are actually a sign of underlying company weakness? The answer could be a markets crash of monumental proportions, writes David McWilliams.

27th July, 2013
'How come weaker data causes the markets to rally? How come bad news has become good news?'

Have you ever been in a situation where a family member is sick and some savant in the family goes off on a riff about the competence of the doctor rather than the health of the patient?

It can be a strange experience when the afflicted person's health is deteriorating and the focus of the conversation is about the ability of the doctor who might treat him.

It has only happened to me once, but...

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