Goldilocks Markets Continue
By: Tim McPartland,
Interest rates continue to drift lower and stocks continue higher. Almost perfect for our portfolios (although someday this will all end badly—when?–who knows). These returns are almost scary to a conservative investor.
Even oil today bounced, which is just that a bounce–a massive 10 million barrel inventory build again this week will ensure we head lower again–probably Monday. It is now just a month before we run out of storage at this rate and the upstream companies are going to get hammered again if they have to shut down production.
For now we simply sit tight–no reason to ruin a good thing.