Said in relation to the financial market when – for all asset classes, from commodities to equities to corporate bonds, – over a longer period of time (happening at a longer time) – only one direction, namely up or down, and in addition – worldwide can be observed. – This state of affairs is classified as a systemic risk because it lacks the possibility to diversify risks, i.e. to distribute them appropriately among individual exposures. – See bubble, speculative, bull, bull market, milkmaid bull market, rally, sentiment, value, cyclical.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/