I get it Midas, and I don't necessarily disagree with the guy in the Bloomberg video. Investors looking for yield have absolutely been pushed into dividend paying equities as rates have remained low. This has driven up valuations but, I would say that even so, valuations while they are higher than the long term average, are not crazy high....certainly caution is warranted and as I said, sooner or later those calling for a correction will be right. Maybe next week, maybe next month....maybe not til next year, but for sure a correction (like Winter in Game of Thrones
http://youtu.be/5Y6TqxLmxIo) is coming.
I just find it odd, and also a bit disconcerting that, in the face of all the uncertainty in the markets and geopolitically, volatility, even with it's recent bump higher, remains near all time lows. In fact, less than two weeks ago, the VIX Index set a fresh two-year low.The S&P 500 Index has posted 38 consecutive trading sessions without moving at least a 1%..... something that has happened in less than 2% of the trading days during the last 35 years.
As for the Business Insider article, I wouldn't trust a thing anyone from UBS has to say. UBS, at it's core is nothing but a bunch of Nazi sympathizers who helped Hitler plunder and hide gold, artwork, and other valuables from the Jews during the Holocaust. Don't think for a second they've changed their stripes. Crooks are Crooks and being crooked is baked into the DNA of that firm. Just a few years ago they had to pay Billions of $$$ in fines and admit that they were willfully and illegally helping millionaires and billionaires hide income from U.S. taxes. One UBS banker was actually smuggling Diamonds through Customs in a toothpaste tube for his clients!
http://www.reuters.com/article/us-ub...0IK14520141031
When someone from UBS speaks, even if there is a kernel of truth in what he speaks, you can be sure that their motive is to separate you from your money and gold - even if they have to pry it out of fillings in your mouth.