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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: 3bar who wrote (18886)3/26/2017 4:51:54 AM
From: John Pitera3 Recommendations

Recommended By
3bar
ggersh
roguedolphin

  Respond to of 33421
 
HI my friend, I don't..... I have found that very thoughtful knowledgeable people.. buy in to a specific global mindset and scenario and then our global financial markets are so robust adaptive and flexible ( and slippery) that extremely bright well intention ed folks myself included.... are not able to foresee the huge developments such as the multiple central banks engaging in multiple rounds on Quantitative Easing programs and the way in which the key Central Banks were able to keep interest rates at zero and even below zero for periods of time that would have been thought inconceivable 12 years ago. I was too bearish on equities in 2011... due exactly to this phenomenon.... that's one of the reasons that I enjoy broadening my horizons and looking at more markets.... where I find a more sensible composite picture and consensual reality develops.

The extended multiyear foray into Negative Sovereign interest rates on the long part of their yield curve is something thing that .... if suggested 15 years ago, would have had the people suggesting it getting admitted to mentally incapacitated wards.

John