‘The markets are being too sanguine’ given the likelihood of a contested election: Niall Ferguson

YahooFinance/Ines Ferre/11-4-2020

Cartoon courtesy of MIchaelPRamirez.com

“I find the market a little bit too sanguine at the moment as we could well be on the brink of a very protractive, painful, process that will make the year 2000 election look like a walk in the park … My sense is that this rally is a rather fragile thing,” – Niall Ferguson, Hoover Institute senior fellow

USAGOLD note: As Ramirez points out in the cartoon above, even a walk in the park can become dangerous in times like these. ……… Whenever the stock market goes significantly higher for no discernible reason, seasoned analysts, like Mr. Ferguson, are likely to voice their skepticism.

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