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Richie Bowden's avatar

Thanks Chris - in relation to your comment "For our narratives we mine the data, hopefully finding something that can be put into a pretty chart, something that goes up when equities go up. And vice versa, The correlation might imply causation but usually doesn’t. " worth checking out the Coded Bias documentary - https://www.youtube.com/watch?v=jZl55PsfZJQ

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michael keane's avatar

Most candid article about investing i have read in a long time.many years ago i heard an interview with John Bogle founder of Vanguard who also questioned the wisdom of market oracles,advocated long term index linked saving as route one for investors.I would advise anyone who has not read Bogle to do so.Investing for the"little guy" is more gamble than acknowledged

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Jim Power & Chris Johns's avatar

Thanks Michael. The strange thing is that most people don’t want to hear that message. Human nature seems to prefer the market guru. Anyway, thanks again - please share with your friends; we are trying to build this publication

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R. T. Jones Jr.'s avatar

Even the most ardent bulls would concede that valuations are stretched -and therefore vulnerable to a correction. What's changed is that in 2018 Trump succeeded in changing the Fed's mandate to protecting the stock market, hence it would take a brave investor/fund manager to take an outright short position in equities right now.

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