Mark Gilbert , Columnist

One Chart Shows What Investors Are Dreaming About

Speculation is running high that governments will turn to fiscal stimulus. Disappointment awaits.

August 29, 2016 at 6:00 AM UTC

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

What could go wrong?
Photographer: atta kenare/afp/getty images

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You've probably heard the old saw about equity markets "climbing a wall of worry." Stock market prices can rise even when the economic backdrop is gloomy as investors look ahead and anticipate better times.

But what if the good times fail to materialize? What if the records set by U.S. stocks in recent weeks are built on false hopes for what comes next from policy makers?