Vern Gowdie – The Gowdie Letter (Australia) –
After Trump’s election victory, markets have found a second wind.
The market seems to shrug off any news — Trump election, Italy’s referendum, Fed raising the
cash rate — as it marches into the record books.
Some questions I’ve been asked in recent days include:
- What is the market’s outer limit?
- Will it keep rising?
- What can stop its record-breaking run?
The honest answer to these questions is ‘I don’t know’.
In the short term, markets can leave you scratching your head.
The recent resurgence will have undoubtedly made many investors think about whether to increase their exposure to the seemingly unstoppable bull. That’s a natural reaction. People like to back winners.
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