David Jane: The most hated bull market in history

The current market situation has, more than once, been described as ‘the most hated bull market in history', with many calling it artificial, or a bubble, right from the start. But what are the reasons for this negative sentiment and how should we react? The principal reason why the bears have been negative mostly stems from a disagreement with central banks' quantitative easing (QE) and negative interest rate policy programmes. These have caused interest rates to become very low in both absolute and real terms, which in turn has led to the revaluation of all risk asset classes, to a les...