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The stock market rally is not connected to reality, India stock exchange chief warns

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'It's a really uncertain world, and nobody really knows how it's going to develop over the next 12-18 months,' Vikram Limaye told CNBC.

The Nasdaq has risen over 22% year-to-date, even as U.S. GDP collapsed in the first and second quarters amid the coronavirus shutdown.

An employee walks past an electronic board that indicates the latest stock figures at the National Stock Exchange in Mumbai, India, on Monday, May 19, 2014.The chief executive of India's National Stock Exchange highlighted concerns around the recent market rally, as stimulus measures continue to prime stocks from New York to New Delhi.

 

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Acknowledgement of the unreality makes it real.

wow, who is this 'genius'?

Definitely it's False-Dawn economy undoubtedly!

MainStreet know already, tell Powell, BlackRock, Trump, and WallStreet.

Just look at the PEs...

The stock market is so propped up by the Fed. FACT: Trump has pumped more into the stock market, last I heard over $5Trillion, than he has on COVID relief. POS is even more propped up than the market. It's ALL gonna come crashing down.

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 /  🏆 12. in JP

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