A “melt up,” seems a lot better than a melt down, right?
A melt up is a dramatic increase in stock market performance (especially late in the cycle) driven by stampeding investors who fear they will miss out on the current big gains. They throw money at stocks with little knowledge of market fundamentals or economic indicators, pushing prices higher and higher, and precipitating conditions for a melt down (no definition necessary).
Beginning of the end? We’ll see.
-WealthKeep, your MMMM
Monday Morning Money Muse highlights random nuggets of wisdom, common sense, horse sense, and sometimes, just plain old nonsense about your money.