According to some calculations, last year the US Market enjoyed the biggest splurge of liquidity for fifty years. It is sloshing around the rest of the Globe with global indices registering their sixth best year on record
US companies bought-in and cancelled $736billion of shares, reducing supply and squeezing prices ever higher and some may say cynically the Executive bonuses which so often are awarded in stock options
From the office at Philip J Milton, we wish you a happy new year.
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