A Self-Described “Permabull” Explains Why He Is Worried

Friday, January 27, 2017
By Paul Martin

From Mark Cudmore, a former FX trader who writes for Bloomberg.
ZeroHedge.com
Jan 27, 2017

I Fear the Complacency

The market is full of counterintuitive price action. This should erode confidence and equities may see a sharp reversal lower soon.

U.S. stocks hit yet another record yesterday. It seems a weird time to suddenly turn bearish, but I’m overwhelmed by a large sense of concern as I gaze across markets.

Equity investors seem to be in denial of the threat to the global economy from Trump’s proposed protectionist policies, and instead solely concentrated on stimulus we’re not seeing yet

The Rest…HERE

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