A diary of the thought process behind my investment decisions
All The Negatives Are True
All the negatives that everybody is focusing on are true.
Their are pension issues.
There are municipal issues.
There are sovereign issues.
There are commercial and residential real estate issues.
I can go on but you get the point
But these issues have been around for a long time, including through an 80% rally. In the bigger picture I believe these issues will keep us in a secular bear market. In the short run these issues tell us nothing.