RE: Still underrated.6 Nov 2022 19:50
OBNW : I think in normal historical instances, your analysis of Merc would be correct, but outside forces are gathering a pace.
The global bond market (given abrupt and possibly prolonged rate increases), may cause an unwind of the $600 Trillion derivative market (ie. bonds with now low yields). The fall-out from such an unwind is anyone's guess, but I'm thinking it won't be positive. Hang onto your cash OBNW.