Monday, August 08, 2011

This effect on equities...

...while massive, appears to be transitory. My comments regarding today regarding same did not come to fruition, but I remain convinced that equities will be fine going forward (but of course my record here reflects my general inability to predict equity market movements, while generally getting the bond markets correctly)

People are paid to take risk, and right now is a good opportunity to take some risk in equity land.

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