By Richard Russell
This morning I heard Frank Sinatra singing his great rendition of “New York.” I think of New York in the 1940s and 50s, which I think were the great days of Gotham. I had tears in my eyes as I thought of 52nd Street and the Washington Market, and the great restaurant at 13 Mott Street in Chinatown. Since my days in New York, prices have changed. Back then a billion of anything was unknown. A nickel would take you from the Bowery to the Bronx. So here I lie with my memories, and the big question: How will this bull market end? I think the US will come out of it stronger, finer and still the world leader in freedom and discoveries.
A black swan is a shocker that appears from nowhere and is important enough to shake civilization. The drought in the west is not actually a black ... Log in or subscribe to continue reading.