Nice thoughts on various markets here from JP Morgan:
Publish at Scribd or explore others:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
Onlooker
Wow, these guys have really bought into the idea of a recover here; a “V” even. I can’t really tell if they believe it or just think that everybody else will believe it. They do say that markets are paying little attention to value here.
We’re living in a weird and unsettling world right now, that’s for sure.
eh
“self-reinforcing dynamic”
That’s a good one. But clearly it is not a good idea to be short right now, whatever your thinking.
A very dangerous market.