All-time highs recently seen across the Atlantic for the Nasdaq, Dow Jones and S&P 500 indices suggest that it could once again be party time for US equities. However, Davy’s are warning of markets becoming complacent and that a correction or set back of the order of magnitude of 10% or so is due in the coming months.
Closer to home the Irish government’s Spring statement today is likely to outline a series of spending increases and tax cuts over the next five years. This is the fruit of a number of years of fiscal discipline. This is in stark contrast to the on-going woes of the Greek government as it struggles to find enough cash to meet short-term pay and pension bills. Continue reading “So tonight I’m gonna party like it’s nineteen ninety-nine?”