January 19, 2015
By Peter Bower
As Alice said, it’s getting ”curiouser and curiouser.” A strange world where good is bad and bad just might be good. An upside-down world where lower energy prices cause concern and increased growth calls for lower interest rates. This all makes one want to take a pill, but will it make you smaller or larger?
This kind of world of bizarre relationships does not usually last very long. Sooner or later, investors come out of their stupor and logic and sense prevails. Economic strength will lead to higher interest rates and lower energy prices are a gift to economic growth. The U.S. economy is doing quite well; this leads to good investment results, not bad ones.
Stay steady, my friends.
the Lonely Bull
