Compared to the crash of 2008, the next crisis will actually be even worse

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By Cormac Lucey It is 10 years since the Irish government’s fateful decision to guarantee the liabilities of the Irish banks. That rubber-stamped the country’s plunge into financial disaster, following the collapse two weeks earlier of Lehman Brothers, which kickstarted the international financial crisis. As with all meltdowns, there had been plenty of warnings. The share price of Bank of … Read More

One Day The House of Cards Will Collapse

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By Cormac Lucey There are two broad ways that investors can apply the pattern of past share prices to trading strategies. They can assume a continuation of recent patterns and engage in trend-following, or they can assume that price anomalies will eventually disappear and there will be a reversion of prices to past patterns. In the short run, trend-following has … Read More

Caution Required On Global Equity Markets

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By Cormac Lucey, The Times, Irish edition, 24 July 2016 Global equity markets are looking frothy at the moment despite the recent Brexit vote. There are several signals indicating that the long bull market enjoyed since February 2009 is now running on fumes. Markets currently anticipate almost no chance of the Fed hiking at all this year. But a strengthening … Read More