Market Analysis & Valuation - Misrepresentation and misunderstanding can arise from using incorrect references when valuing assets [1] - The Dutch stock market is still down 70% from its all-time high [1] - Gold and other assets show similar trends when not analyzed against USD [1] - Analyzing assets based solely on USD performance may not provide a clear picture [1] Economic Outlook - Reference parameters indicate no recession or bear market is expected [2]