Business

The holidays came early to the world's investor class, as instead of 12 Days of Christmas, Scott Minerd, Global CIO of Multi-billion-dollar Guggenheim Partners, dropped his 12 lessons for today's meltup-market participants.

In a series of tweets, Minerd offers some clear-cut advice for the complacent many...

He begins by noting "The rally in risk assets is probably not over, but strength is an opportunity for investors to move towards the exits."

Authored by David Stockman via Contra Corner blog,

You could almost understand the irrational exuberance of 1999-2000. That's because everything was seemingly coming up roses, meaning that cap rates arguably had rational room to rise.

But eventually the mania lost all touch with reality; it succumbed to an upwelling of madness that at length made even Alan Greenspan look like a complete fool, as we document below.

Submitted by BullionStar.com

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image courtesy of CoinTelegraph

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