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In an interview with the Italian daily, La Repubblica, on Wednesday, the billionaire investing legend George Soros acknowledged that the current Wall Street rally looks like a bubble but noted that there are two key catalysts sustaining the advance.
Key quotes
“Two simple propositions”.
“One is that in situations that have thinking participants the participants’ view of the world is always incomplete and distorted. That is fallibility.”
“The other is that these distorted views can influence the situation to which they relate and distorted views lead to inappropriate actions. That is reflexivity.”
“The market is sustained by the expectation of more fiscal stimulus along with hopes Trump will announce a vaccine before November.”
This article was originally published by Fxstreet.com. Read the original article here.