In last week’s Forbes, money manager Ken Fisher offers a list of things he is grateful for as well as a wish list for the year ahead.
He is grateful that:
- the election “noise and nonsense” is fading away;
- America’s stocks hit new highs as what he calls our “joyless bull market trudged on;”
- the global economy grew, albeit slowly “despite the endless stupid policies and regulations that governments and central banks keep spewing;”
- China didn’t “implode, as so many feared.”
His hopes are that:
- Fed raises short-term rates several times, “so we can overcome our fear of that;”
- short-term bond maturities will be pushed out, “locking in today’s low rates for decades and reducing our crisis worries;”
- global companies “lobby Brexit negotiations largely into oblivion—allowing euro trade to continue about as is.”
- ObamaCare “gasps its last in 2017;”
- overall earnings growth in the energy sector “hits about 13%-plus;”
- the global money supply keeps growing;
- “that no big, bad, unforeseen, fast-growing governmental cancer materializes, so our bull market can keep grinding through skepticism toward becoming the longest ever.”