A new hope misses the obvious

The Morning Porridge/Bill Blain

cartoon showing a boat riding the rising tide“Despite the ongoing brush with financial mortality, markets begin 2021 at never so high levels – which means they’ve never had so far to fall…Whatever nonsense you’d been reading over your Christmas calorie fest about potentially limitless future investment gains, I reckon this is likely to prove a very difficult year for markets as the global picture morphs from corona-panic to expectation of recovery. A cosmetically more positive environment may well trigger some surprising outcomes – including a return of common sense.”

USAGOLD note:  Bill Blain’s full take on the new year at the link ……

Repost from 1-8-2020

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