IceCap Asset Management: “We Are About To Witness The Financial Market Movement Of A Lifetime”

Monday, October 23, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Oct 23, 2017

IceCap Asset Management’s Monthly outlook on global investment markets: October 2017, submitted by Keith Decker of IceCap Asset Management

“Should I Stay or Should I Go?”

Darlin’ you got to let me know

During the 1970s, The Clash pushed rock and roll to the edge. Their hard charging, explosive, and anger-filled style, inspired spiked hair, rocked generations and forced people to question conventional thinking.

Along the way, they rocked the casbah. They called London. They got lost in a super market and then they went straight to hell.

For many – The Clash was the only band that mattered.

For investors, they are more – much more.

Today, as investors around the world become increasingly anxious, one of the greatest Clash songs of all time is making a comeback. In board rooms, on trade desks, in living rooms and around kitchen tables – investors everywhere are nervously singing “Should I Stay or Should I go.” Stock market investors are nervous. Housing market investors are nervous. Gold and oil investors are nervous. US Dollar and Euro investors are nervous too.

After all, avoiding near-certain losses should be the most important goal for every investor.

Yet, the confusion today is that practically every talking and writing head has declared everything to be at extreme risk levels. In reality, everything cannot decline at once – money and capital just doesn’t move that way.

Yet, as chaos continues to engulf our world, traditional investment metrics seemingly make less and less sense.

And once you understand this all important fact – then and only then, will you be able to ignore the hyperbole, tune out the 24-7 talking heads, and dismiss the irrelevant quarterly commentaries from the big bank mutual funds.

For investors, these are exciting times. Markets are on the cusp of some of the most dramatic movements we’ve (n)ever seen.

In this latest IceCap Global Outlook, we examine where and why you should be nervous, what to do, and along the way – sing and enjoy the show.

The Stock Market

What can we say – there’s an awful lot of people out there saying an awful lot of awful things about the stock market. The central theme or reason for these negative views is entirely based upon stock market valuation. This view is of course wrong. And to understand why, first you must understand the background supporting these awful claims. For starters, many who proclaim stock investors are living on the edge, have actually been living on the edge themselves.

Many of these bearish investors have shockingly been out of the stock market since the 2008 crash, with others selling out just a few years later. Investors must know that despite the marketing machines, the Hollywood movies, and the internets – many investment managers are simple humans; full of emotion, full of pride, and perhaps worst of all – more stubborn than a goat.

Yes, many managers today are not insensitive, objective androids possessing the gift, the ability, the process and the flexibility to change their investment mind.

Instead – investment managers can be slotted into 3 groups:

The Rest…HERE

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