Aswath Damodaran
A Tale of Two Markets: Risk on or Risk off? The best of times or the worst of times?
18:58
While it is natural for market participants to disagree about the future course of the market and the economy, the degree of divergence in today's markets is greater than in most. For every indicator that suggests that low risk in equities, there is another indicator that suggests the exact opposite. Consumers and businesses seem to be in a better mood (as revealed in confidence numbers) but…