Market Perspectives - January 2014
Outlook 2014: Are we in the eye of the storm?
The bottom line“The sky is falling.”
The first time Chicken Little screeched that, he put everyone in a panic. When the sky didn’t fall, he lost credibility. Eventually, he proved to be right. Bears who are growling that the market is falling apart and that the extraordinary policies of the past few years cannot end well are sounding more like Chicken Little than scholars. We think 2014 will be another year where the sky doesn’t fall.