All-time highs to be expected despite volatility? By Blackfort CIO Dr. Andreas Bickel

 

All-time highs to be expected despite volatility?

Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. https://lnkd.in/diBqUgs According to CNBC: This outlook has not appeared to be resonating on Wall Street. Similar happens to me since 2009 when I have made and continue to make a bullish case for equities. As long as most investors are underinvested in risky assets, the potential number of sellers is limited. Bottom line I miss euphoria or as some call it the final melt up has not happened yet. As long as this is the case, it is reasonable to expect that equites and corporate high yield bonds trade at least sideways or go even on average up. Or to say it in Warren Buffets words: “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

 

 

 

Source: https://www.linkedin.com/feed/update/urn:li:activity:6536506666773434368

Published: 13.05.2019 by Blackfort CIO Dr. Andreas Bickel

 

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