THE STOCK MARKET IS IN A PERIOD OF EXCESSES SO INVEST IN WHAT IS UNDERVALUED NOT WHAT IS POPULAR.  Before I start, I want to emphasize that we are always invested in the market as we always find stocks that are undervalued……..many!  We may be bearish for many large caps that have performed well. But our view is that now is the time to take profits in some of them. But we always find numerous stocks that are undervalued and offer the potential for exceptional capital gains; Gold stocks are at the top of the list.

Robert A Brusca, PhD, Chief Economist FAO Economics, New York; Bob has been excellent in his views and forecasts for the world’s economies and the economy as well.  We pay close attention to his outlook which advises institutional investors. The following contains Bob’s very cautious economic outlook for this year.