Saturday, December 07, 2013

Hugh Hendry Throws In The Bearish Towel: His Full Must-Read Letter


...What if by warming the mercury in the thermometer, we could also raise the room temperature? This is what happens in the wacky world of neo-mercantilism. Here "fundamental" investing has little or no merit. There is one reason for being long and one alone: sovereign nations are printing money and you can see that prices are trending. That's it. Nothing else matters.