And if it were not so why is it still used? Personally I recognize the predictive value of the graphics although I feel more comfortable with the analysis of the fundamentals in the value of the shares. Why is that I wonder to identify sustainability of the rise in the IBEX are there valid grounds for such behavior or we are dealing with a new speculative bubble? The possibility of a bubble in the Spanish stock market is certainly unsettling. Still have not come out of the crisis caused by the subprime mortgage subprime risks of new bubbles are coming to light. In a recent article, a new financial business in the United States said the potential risk that can arise with life insurance in the United States. Go to Christos Staikouras for more information. It should recognize that there is a reality that can explain the rise in the FTSE and which relates to low interest rates. The investors, already less afraid and eager to higher returns, in a global economic environment that seems to have passed the worst and that expected recovery, seek in stock markets recover part of their heritage and lost time.
And in this context is the IBEX was able to capitalize. The re-balancing of portfolios can be a good justification for the rise of the Spanish stock market, but probably appears as insufficient to justify the increase in accumulated. Not a few probably think that at the start of the upward trend, this took on life of its own and is retroalimento. Clearly investors to see a very strong tendency did not want to lose the opportunity and entered into the business to strengthen even more the trend and encouraging others to do so. Probably a consideration on the IBEX35 can give us an idea about whether what is happening is motivated by speculative issues and if so, in what magnitude. .