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The State of the Union – Markets

Global stock and bond markets: Watch out below! I discussed over-priced markets here and here and here. 2017 was an outstanding year in many markets. DOW up 24.7% NASDAQ 100 up 31% (Wow!) Nikkei up 19% DAX up 12% Gold up 13.6% Silver up 7.1% XAU (gold mining stocks) Index up 8% Dollar Index DOWN 10% We can be certain of the following: Death, Taxes and Politics. When markets move too far and too fast in either direction, they correct. Bubbles crash! SO WHAT? We live with the inevitability of death, and the predations of taxes and politics. Stock markets […]

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