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Stocks

Global Equity Shortage I: US market

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First heard this “equity shortage” term from Jim Cramer, the host of CNBC “Mad Money”. I watched his show mostly for entertainment purpose, but I think this term desribes the “supply and demand” of global stock market well. Yesterday the S&P index in the US hit a new high at 1530. Last record was set in dot com era on March 24, 2000. To put it in perspective, on March 20 same year, I got my job offer from my current employer.