Since the beginning of the year, the good music played at “Stock-Mania” kept going, as the market reached higher levels quickly. Investors thrilled with their great performance in the previous year, thought that this year will also be filled with rosy dreams, rainbows, and golden pots; since prices continued to climb the “Stair Way To Heaven”. Suddenly, things changed dramatically by the start of February and brought back nightmares, of not a distant past.

While in the previous month I have discussed the rise of European Union as a political and economic power which was later tested in 2010 debt crisis, the good news favored by bullish euro currency investors continue to emerge as the ECB meeting minutes in December 2017 showed that the ECB is ready to shift guidance, sending a signal to begin tapering it’s QE program, and the commencement of normalizing monetary policy in 2018. This sounds as good music for the ears of investors for now.

Ah, the scent fresh starts! Can you smell it? Well come on, breathe it all in. The New Year is upon us all and it brought with its good friend along – Resolutions. Almost every conversation during the months December/January bares a long and hopeful discussion about resolutions.