posted by mark
on Wed, 02/21/2018 - 18:04
Richard Fisher has some smart words to say about the current market and the Fed.
One of the items were his comments on portfolio insurance, the lack of volatility and high bullishness. I worked on the Street during the 1987 crash and most everyone thought that portfolio insurance would save the day. It didn't!
Fisher spent a lot of time sitting on the FOMC. He has some insights you might want to take into your investment perspective.
While no one has a crystal ball, it is wise to consider all views in your investment perspective. Someone, such as Fisher, has been in the "inner circle" of the FOMC and has strong market knowledge.
