The market noise has been almost deafening recently. Geopolitical events with potentially market moving consequences are raging all over the globe.
The situation in the Ukraine remains strained; there are pro-democracy demonstrations in Hong Kong that could lead to a standoff with the Mainland China government; ISIS continues to run amuck in the oil rich Middle East; oil prices are tumbling as Saudi Arabia shifts from defending price to protecting market share; the European economy is just a mess right now and so far none of the stimulus measures are working.
Dire Predictions
There are dire predictions about the stock market from some pretty smart people as well.
Seth Klarman of Baupost recently wrote to investors, warning that, “Amidst the market rally, complacent investors continue to ignore a growing array of global trouble spots. Contrary to claims from the Obama Administration, the world is not a tranquil place at present. As such, risks facing investors seem to be rising but are not yet priced into the markets.”
Sam Zell has also expressed concerns about the market.
The "Grave Dancer," as he is known, shared his thoughts on CNBC last month: “The stock market is at an all-time, but economic activity is not at an all-time. People have no place else to put their money, and the stock market is getting more than its share. It's very likely that something has to give here. It's almost every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue. When you got a demand issue it's hard to imagine the stock market at an all-time high.”
There's quite a bit to worry about in the markets right now.
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