In 2013-2014, many investors bought energy stocks because they paid 5%-9% dividends. With central bank rates at 0%, we explained to investors that there was considerable risk with holding energy stocks. Few believed us. Oil subsequently declined 40% producing enormous losses for these investors.
In this issue we specifically state the risks that few people see or want to believe exists. And we introduce the IceCap Bubble Meter.
[iframely]http://www.slideshare.net/icecapassetmanagement/february-2015-icecap-global-outlook[/iframely]
As always, we’d be pleased to speak with anyone about our investment views. We also encourage our readers to share our global market outlook with those who they think may find it of interest.
