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BKR - Natural Gas: It Is Not About The Weather Anymore
Baker Hughes Company
A 60:40 allocation to passive long-only equities and bonds has been a great proposition for the last 35 years …We are profoundly worried that this could be a risky allocation over the next 10." -Sanford C. Bernstein & Company Analysts (January 2017)
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria" -Sir John Templeton
Life and investing are long ballgames." -Julian Robertson
Introduction
Commodities are trading at 100-year lows relative to the S&P 500 Index (SP500), and the most beleaguered of all commodities,