The Next Big Trade

You've got to be short equities. The analytical community hasn't brought down the earnings forecast to realistic levels. There is a point at which capital will be leaving the equity markets and risk markets in going and seeking safety wherever it can find it. A key fault in this, i'll say, that's not being talked about, except among a few - is the role of the central bank in abetting the process of government gridlock. For decades, the fed has stepped in and filled the pot holes of economic growth.