Wed June 3 - The pain trade, page-101

yep bit hard to make sense of what is happening. prior to the pandemic l was expecting interest rates to eventually reverse, inflation to kick off, bonds to tank, equity bull market to end, a flat period in equities, followed by a fall.

it is possible that we are back in the bull market, supported by irrational exuberance, and that the "crash" is a dip??

if we have slipped back into the bull, next year there may be a vaccine, the market will then make all time highs after this, eventually inflation must occur, interest rates must rise, then there will be a break on equities.

who knows, the only certainty is uncertainty?