Goodbye ‘Goldilocks’, Hello Lackluster Returns And Higher Volatility

you don’t know what you’ve got till it is gone

Heisenberg writes…..”For nearly a decade, investors have enjoyed a backstop from a never-ending, price insensitive bid emanating from a buyer armed with a printing press. That buyer is now pulling back (collectively speaking). The results will be predictable as legions of investors who long ago confused the generosity of their benefactors with their own supposed market acumen, will be forced to fend for themselves.”