Imagine that you were hibernating for 11 years – that in September 2008, you fell asleep and only awoke today.
In the coming year, you will begin to notice how the mainstream media is changing its mind regarding the U.S. economy and the trajectory of the stock market.
Two scenarios lie ahead. In one of them, we’re out of the woods pretty soon here, with bulls gaining control of the major indices again, following a tension release after the mid-term elections. We’ll be off to the races again, in no time.
We’d have to go back to 1999-2000 to feel the same type of nausea that the next 11 months have in store for us. Forget the calm – 2017 is done.
This year will end with the entire world population understanding how important it is to use position sizing. I know many people today don’t believe in the power being humble and open – we have become a very “I have learned all there is to know” society.