A diary of the thought process behind my investment decisions
The Bull Case
There are plenty of things that can go wrong with the global economy. I am not going to go over all the imbalances even though I acknowledge that they will eventually need to be dealt with. However, its also possible that we kick the can a little further down the road. One must recognize the bull case even if one doesn't believe it. The bull case is simple right now. The economy is doing fine, valuations are fine and we just had a correction.