amid this short-term positive outlook, investors must formulate a defensive strategy as there continues to be a deterioration in major economic matrices like debt-to-GDP, ever increasing central banks’ balance sheets, overvalued financial markets, etc, all of which suggest that the punch bowl could be taken away at any time.
gathering steam. I thought it would be good to share my brief take on this.
“I know what markets are going to do over a long period of time: They’re going to go up. But in terms of what’s going to happen in a day or a week or a month or a year even, I’ve never felt that I knew it and I’ve never felt that was important. I will say that in 10 or 20 or 30 years, I think stocks will be a lot higher than they are now.”