History is a great way to remind ourselves of the mistakes we've made, but I'm not convinced we learn much about the ones we're about to make. Markets – they either love you or loath you. That's the way many investors feel just now – get it right and smile. Get it wrong and its Game-over-player-1. Who knows if prices are going either up or down – or how long this sideways slip-sliding continues?
The news is confusing. Some folk say markets are priced for perfection – but I'd say their pricing for a slap as strategy becomes an increasingly binary looking call on so many issues: Do stock markets go up or down? Does trade or protectionism win? Is it short covering or a squeeze? Is the news good or bad? Rates, inflation, growth, recession, politics.. Sweet Jesus on a Raleigh Chopper.. I just don't know..