The FREE Investment Newsletter That Really Works!
Good evening all, welcome to this edition of the free investment newsletter. Today we're talking about Norway and their enormous sovereign wealth fund, and the fact that they've been directed to increase their stock holdings to a whopping 70% of their holdings.
Think about that for a minute. When you buy a stock, you're worried about the price, the "value" the P/E, etc. When these guys buy this is what they say, and I quote " We don’t have any views on whether the market is priced high or low, whether bonds and stocks are expensive or cheap,” he said in an interview after presenting second-quarter returns in Oslo on Tuesday.
Well there you have it. This guys going to be buying 275 million a day in stocks, and he couldn't care less if the stocks are overpriced or not. Unreal.
Then in the market section, we talk about the "levels" we'd need to see to continue thinking we have more highs coming. We put out the specific numbers we're watching. Give it a read, it's valuable stuff.