By Ken Fisher, The Globe and Mail, 17-05-2023
Time to buy gold? As the legendary metal nears all-time highs—and headlines project more ahead—it may seem intriguing. But beware: Gold is more volatile than stocks, with lower long-term returns than bonds. It requires impeccable market timing—otherwise, it is a drag. If you can’t time stocks, which rise far more often than fall, don’t try gold. Consider these factst dulling gold’s glitter.
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By Ken Fisher, The Globe and Mail, 21-04-2023
For over a decade, bears claimed puny interest rates were the sole reason stocks soared, saying investors had no viable alternative. They see global central banks’ rate hikes ending that. Fallout from failures at Credit Suisse and U.S. regional banks further fan those fears. But such thinking is folly. Interest rates don’t rule stocks. Here is why.
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By Ken Fisher, The Globe and Mail, 21-04-2023
For over a decade, bears claimed puny interest rates were the sole reason stocks soared, saying investors had no viable alternative. They see global central banks’ rate hikes ending that. Fallout from failures at Credit Suisse and U.S. regional banks further fan those fears. But such thinking is folly.
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By Ken Fisher, The Globe and Mail, 16-03-2023
Silicon Valley Bank sunk! Contagion in European bank fears. The Fed fright. Inflation raging! What horrors can sink stocks anew?
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By Ken Fisher, The Globe and Mail, 22-01-2023
Are Bank of Canada rate hikes sunsetting soon? Economists and commentators wonder, as the central bank's inaugural 2023 meeting nears.
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By Ken Fisher, The Globe and Mail, 30-12-2022
Almost no one expects it. That makes it more likely – and powerful. And shocking. Whether 2023 starts strong or weak, abundant unappreciated forces support a stealth stock and bond bull market. The S&P/TSX Composite and world stocks should rise double digits, 15 to 35 per cent – maybe more. Why? How? While pessimism reigns from Kitchener to Kamloops, that naysaying negativity makes it easier for expectations to be exceeded by forces now in play. Whenever dour expectations exceed later realities, securities eventually rise.
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By Ken Fisher, The Globe and Mail, 24-11-2022
Will inflation ever cool?
Whatever you think caused all this hot inflation, stealthy signs signal it may have crested – bringing huge relief that should help the TSX and global stocks. Let me show you by comparing input costs with final inflation.
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By Ken Fisher, The Globe and Mail, 21-10-2022
Boo! Halloween approaches fast. And markets look comparably ghostly and ghastly. Both world stocks, bogged in a bear market, and the TSX flounder near summertime lows. Consensus opinions fear worse. “Capitulation” – that cascading panic-selling common as bear markets end – hasn’t come.
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By Ken Fisher, The Globe and Mail, 22-09-2022
The Bank of Canada’s rate hikes, galloping inflation despite plunging housing prices, fading commodity tailwinds - these and more have commentators shrieking recession looms, dooming the TSX. Think again.
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