IPO surge, options boom, crypto fever: A speculative frenzy is sweeping Wall Street and world markets4 min read 20 Dec 2020, 05:53 PM IST
Global stocks are now worth around $100 tn. American companies have raised a record $175 bn in public listings. Some $3 tn of corporate bonds are trading with negative yields
Some strategists warn risk-taking excess is a signal to sell
Animal spirits are famously running wild across Wall Street, but crunch the numbers and this bull market is even crazier than it seems.
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