March 2024
The problem with ‘Liquidity’!
Is a Top in and how long does it take to Forget?
There is currently great comfort being taken from ever rising and increasingly speculative markets. Just at a time when warning bells should be ringing the majority appear to be forgetting whatever disciplines they had previously felt were of value. This is not healthy behaviour, but it is a behaviour that is always seen ahead of market turns, both up to down and down to up. In this edition of Strategy Thoughts I explore this tendency and also some of the lessons that have now been forgotten, along with an update on the ’Magnificent Seven’ and a look and the long term use of market valuation.
