On January 31st we gave the following warning about the Risks being real.
“We are witnessing an extremely stubborn decade-long bull market and the very powerful force of the herd on the move. The perspectives and assessments of the horizon (“cognitive eyeballing”) are distorted. Investors no longer seem to be able to properly assess the risks ahead and have become insensitive to them. However, these risks are real, the market risks alone are unprecedented, geopolitical risks, sanctions, embargoes, trade wars, potential kinetic wars. Throw in a little “public health emergency of international concern” and only the gods know where this all leads.
We at the Impartial Lens believe every prudent investor should be having a good look at the assets they hold and ask themselves… Are the reasons I bought the asset still valid?”