Bears v bulls: as US markets hit new highs, bearish observers warn that a crash may be imminent but only some bearish arguments have merit. Photograph: Krisztian Bocsi/Bloomberg

There are always reasons to be cautious, but most warnings are easily debunked

Bears v bulls: as US markets hit new highs, bearish observers warn that a crash may be imminent but only some bearish arguments have merit. Photograph: Krisztian Bocsi/Bloomberg

There are always reasons to be cautious, but most warnings are easily debunked

Analysts are more excited by Apple Pay

Conflict in Ukraine: the country’s annual GDP is equal to about two days of US GDP resulting in little effect on the global market. Photograph: Reuters/Gleb Garanich

Geopolitical crises have little effect on markets partly because they are anticipated and priced in

There are a host of reasons why the vast majority of funds are destined to continue their underperformance in the coming decades. Photograph: Brendan McDermid/Reuters

Most fund managers underperform their benchmarks and this is likely to continue

Robert Shiller’s recent New York Times piece on the “mystery of lofty stock market elevations” does not impress bulls. Photograph: Jessica Hill/AP
Stocktake

Irrational exuberance is back, says Shiller

Geopolitical tensions have catalysed a flight from risk

More articles