Merrill Lynch's analysts are sending alarm that investors continue to buy shares, although they know that their value is overpriced. Apparently buyers believe that they will find a "bigger fool" to sell the shares even more expensive.

In November, asset managers who managed $610 billion had only 4.4% in cash, which is less than a month earlier (4.7%) and least after October 2013, which is a pretty clear signal that investors risk more than usual, and that the market is in irrational euphoria, as the former President of Federal Reserve Alan Greenspan described the huge rise in the market ('Irrational Exuberance') in the 1990s. 

As if many have already forgotten the lessons from the financial crisis, and as if over the course of more than eight years of the bullish trend we see on developed stock markets, all precautionary measures have been abated. All the data show that the shares are currently more expensive than ever in history. The shares included in the broader S & P 500 index are traded at 18 times the expected profit for the next year, which is well above the average (15).

General Electric(GE) cut its dividend by half

In August, General Electric replaced the CEO, but the road to success will be long. The company cut its dividend by half, shares are now the lowest since 2011.

GE, which is one of the largest companies by number of employees and by assets reduced the forecast for this year's profit by a third.

Shares on Monday, when the company presented the restructuring plan, fell by seven percent, which is the highest since 2009. Shares continue to decline.

1 Euro is 1.18 Dollars

The euro area had a 2.5% growth in this quarter, compared to the same period last year. Growth was higher than in the US and it seems that European growth will be the highest after the financial crisis.

FED is expected to raise the key interest rate next month for the third time this year.

Putin and Erdogan strengthened the gold reserve

In the third quarter, Russia bought 63 tonnes of gold worth 2.6 billion dollars, while Turkey bought 30 tonnes. It is part of an investment strategy that Putin and Erdogan want to diversify their reserves and be less dependent on the dollar. The United States has the largest amount of gold, followed by Germany.