"Stockholm syndrome" is a term used to describe when hostages begin to empathise with, and even trust, their captors. It's also what Bank of America Merrill Lynch thinks is happening to investors going big on shares right now -- and their captors are central banks. The bank's European Equity Strategy has put out a note saying investors are facing a "lose-lose" situation by piling into stocks. Globally shares are up 5% this year as investors embrace risk, while the safer bond market is down 3%. T...
A top investment bank thinks investors are in a 'lose-lose' situation
Business Insider - 7 Jun 2015 02:03
"Stockholm syndrome" is a term used to describe when hostages begin to empathise with, and even trust, their captors. It's also what Bank of America Merrill Lynch thinks is happening to investors going big on shares right now -- and their captors are central banks. The bank's European Equity Strategy has put out a note saying investors are facing a "lose-lose" situation by piling into stocks. Globally shares are up 5% this year as investors embrace risk, while the safer bond market is down 3%. T...
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