Let Me Hear Your Balalaikas Ringing Out Come and Keep Your Comrade Warm
It is a bullish sign that the global markets have navigated the recent cross currents without a more prominent pullback. Nevertheless, this remains a highly-valued market facing a lot of uncertainties. This skinny margin of safety won’t be problem as long the economy expands, the Fed doesn’t raise interest rates too fast, France stays in the EU, the fleet of U.S. aircraft carriers can cover all international calamities, Congress accomplishes something, Amazon becomes the only retailer left, and the New York Jets don’t do anything too stupid in next week’s NFL draft. That’s not too much to ask for!
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