The Daily Prophet: Stock Greed, Easy Money and Bond Market Zen

The global stock market has fallen for three consecutive days, its longest slump since January, as the number of items of concern grows. The Federal Reserve looks intent upon raising interest rates next week. The U.S. political scene is only getting more divided. Elections in Europe are proving an existential threat to the region's currency union. North Korea and Iran are test-firing ballistic missiles with impunity.

Fear not, say analysts, as greed will ultimately win the day. JPMorgan Chase & Co. strategists say investors who pushed equities higher in recent months on bets of faster global growth and inflation should stay the course. Fitch Ratings provided some support for that sentiment today when it said develop-market economic growth should strengthen to 1.9 percent this year and 2 percent in 2018, from 1.6 percent in 2016. Yes, that's hardly impressive, but at least its moving higher.