Not to ignore complexity, this investing environment is eminently simple to us. Our economy is accelerating, world economies are recovering, money is easy, central bankers are issuing more of it, and capital needs a return. Productive investments like companies earning profits are an obvious beneficiary. Publically owned ones represented by their issued stocks are getting more and more valuable.
Sometimes it’s real simple and this is one of those. Sure, positive trends can be interrupted by an out of left field event; it’s just that we don’t see much to derail the positive momentum for very long.
Stay steady, my friends!
the Lonely Bull