Peninsula outlook 2018: Stocks and real estate

Until about a year and a half ago this was one of the most hated stock bull markets in history – few wanted to believe. We had fears of deflation, recession, Brexit and plenty of political uncertainty. The fear of losing money, still fresh in the minds of many investors pummeled during the 2008-2009 crash, kept enthusiasm relatively low. But, over the past year or so we have witnessed a change in investor behavior that is reminiscent of late-stage bubble action – we saw a melt-up in prices.