Turn on any television, click on any hyperlink, and you’ll be bombarded with… “versus.” It’s tiring: bulls versus bears, expansion versus recession, and, of course, red versus blue.
Well, we can put these polarizing debates to bed, once and for all… The old rules of economics and approaches to investing – the tired old sacred cows of the pundit class – are rapidly receding in the rearview mirror. And investors who align themselves with that kind of thinking are, to be blunt, doomed.
Even now, we’re way past talk of “bulls and bears.” I’ll show you in a minute how the Fed and its renewed money-printing – $278 billion and counting fast – are pushing us toward what old sailors and cartographers used to call “terra incognita.”
The edge of the map. The Twilight Zone. Think “Australia in 1603.” Unknown land. “Here be dragons.” Strange territory, indeed.
And just like those early modern explorers found, there are almost unimaginable riches to be had. There’s peril, too, but I’ll show you why you don’t have to worry about that.
The Fed’s unprecedented – let’s call it what it is, folks – stimulus has created a gravity-defying, absolutely gangbusters market melt-up: a colossal opportunity for making money. One that we may not see again in our lifetimes.
If that sounds strange to you, I agree. The fundamentals don’t support a market like this, but the Fed is the market now, and this market is having a melt-up for the history books.
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About the Author
25-year run as a hedge fund portfolio manager, family office chief investment officer, managing director and general counsel. Internationally recognized expert in credit and equity markets as well as macro risk management.
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