Ghost of Igloi wrote:
“Virtous cycle,” “Fed has your back” or “global synchronized growth” are catchy phrases spun to investors to make the market seem less risky. These things are often not true. I don’t think an economic cycle that cannot stand anything but cheap plentiful money has any virtue at all. It creates a lot of haves and have nots. Virtuous cycles are not the product of speculative excesses.
Your last sentence makes me feel like the market is less risky.
Sure, that logic or lack thereof is what creates a bubble.