By Benjamin J. Butler
I must admit I am getting tired of being bearish. Nevertheless, global markets seem to be under pressure from more confusion over central bank policy (this time hawkish minutes from the Fed).
In 2007 and at other times when I made quite cautious calls on various markets, I was comfortable in the sense that if I was right, it would just provide a wonderful opportunity to invest. If I was working for someone else, of course there was the risk of being fired, but I was always relatively confident of getting another job. It was getting my first ever job on Wall St. that was the toughest. After that, thankfully, I never had to apply again.
This time around, I have been fearful of societal breakdowns, civil unrest, terrorism and regime change.