“‘Prices are very unreliable. So, we just look at what surprises might come… and what impact they will have on us. I mean, I know I will be surprised. So I want a surprise that I will like. And the way you get that is by making sure you always have more upside than downside. You look at the US stock market now and what you see is millions of people who are all sure that the market is going up… as long as the Fed continues to add money to the system. When the Fed stops, they think they are going to get out. But when everyone wants to sell, who will they sell to? So, in our view the surprise is likely to be on the downside… and it will be much more painful than a surprise to the upside.'”
http://www.bonnerandpartners.com/dont-invest-here-in-2014/
Tip Freedomwat.ch Staff with Bitcoin