With so much uncertainty I think it will fall sharply soon, although I am frequently wrong! In this case, I very much hope I am proved wrong. Looking at China and Greece I somehow think that emotion rather than reality is driving the markets at present.
Sooner rather than later the world will wake up to several facts:
- Growth cannot go on for ever with limited resources.
- Oil will run out.
- The population has yet to peak in the world.
- All the world needs feeding
- All the world deserves a decent standard of living.