Sarasin's Baertschi Favors Equities, 'Riskier' Assets. And I thought the Swiss were generally buttoned down and sensible. Back in my days of alarm (in 2004) at the oncoming disaster in credit and derivatives, I actually went out and added Swiss Francs to my 'get safe' initiative. Now I realize that the Swiss are not some ideal of human monetary and fiscal soundness. They are just people; globally connected and convention following just like the rest of the herd. But I digress...
Mr. Baertschi really riffs along well here trotting out all the good buzz points like the wall of worry, and all that 'money' (funny munny created out of nowhere and once again looking for legitimacy in 'things' of value - yeh, we're back on our old - pre 2008 - message for the time being) on the sidelines, and how this munny wants to chase the markets because it missed the rally. All this at a time when the 'dumb money' is getting ever more bullish.
Crack dealing, Swissy style.
