Great expectations often lead to disappointment. No, I’m not talking about the Dickens novel – Pip would never disappoint. I’m talking about real life. We are in the midst of an economic recovery from the reaction to Covid-19, and expectations are getting great.
“To everything there is a season, and a time to every purpose under the heaven.”
The season will change, value is coming.
Wall Street has seemingly just clued into the fact that it is an election year and a highly charged one at that.
The stock performance pattern of the last decade is not sustainable and will end; the questions are, how and when will it end?
So often we are afraid of the wrong thing, because our sense of fear comes from media distortions. This crisis is a case in point.
