While the S&P 500 has climbed more than 15 percent year-to-date, other risk assets have surged as well, while the Fed has expanded its balance sheet past USD 3.4 trillion in efforts to spur growth.
Although blue-chip stocks are hitting all-time high after all-time high, former Fed Chairman Alan Greenspan told CNBC Friday that "irrational exuberance" is the last term he'd use to describe today's market.
The automobile industry is seeing a steady decline in demand and there are no signs of any pickup yet, RC Bhargava, the chairman of India's largest passenger car maker Maruti Suzuki said on Tuesday.
There seems to be no end to the speed bumps encountered by passenger car makers in India. Domestic car sales in Feb plunged 26 percent year-on-year, the most in 12 years, according to data released by Society Indian Automobile Manufacturers (SIAM). Total passenger vehicle sales (cars + utility vehicles) last month declined 17 percent.