Investment Climate
Categories: Investing, Managed Funds
Ebullient market? Maybe a bubble?
"Everything" trades at 100 times earnings, maybe 100 times revenues. A missed quarter is forgiven with the stock down only a nickel. That's one market climate.
Then you have a world where "everything" trades at 10 times earnings. Nobody likes anything. Nothing new gets public. No investor demand for risk. T-Bills are "hot"; so is gold. Yeah, that's a different investment climate.
The former is waaaaay more fun(d). Unless you're a financial undertaker.