But we'll always have the Crazy Train
So we're climbing the wall of worry. But volatility is without direction, yes, so there's just as much risk up as down?
I would say that the risk for equities is to the downside, but the pain trade would be a grind higher that wears out the bears.
So we're climbing the wall of worry. But volatility is without direction, yes, so there's just as much risk up as down?
I would say that the risk for equities is to the downside, but the pain trade would be a grind higher that wears out the bears.