Consumer sentiment remains gloomy, but the market may be saying it's time to cheer up. The good times could be back for a while and -- dare we say it? -- stocks could be at the start of a secular bull market.
What matters most to me is not a label of “bullish” or “bearish” but the understanding of the risks that can destroy large amounts of capital in a relatively short period of time. The economic data is far from strong and most of the bullish expectations are built around a premise that the world has achieved a financial equilibrium. That is not a bet that I am willing to take – are you?
Stefan Olofsson, förvaltare på Sensor Fonder, lyckades bra i fjol. Och nu tror han på börsen. Åtminstone fram till i vår.