Black swan event

A couple of weeks ago you mentioned a “black swan” event a few of the experts were predicting. I have been careful not to buy anything. What are your latest thoughts on the matter?

A: I am not expecting a “black swan event”.

As I have written on many occasions, I still think the market is heading higher. We have had a good rally off the bottom (almost 9% since Glencore Tuesday), so the market might do a little work around here. However, interest rates are staying down – so I think the market goes higher.

Best regards,

Peter


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