September 11, 2017

Markets not making any sense

"To me, markets, sectors and individual stocks ultimately should be evaluated on a reward vs. risk basis, gauging upside versus downside and not through a binary and often dogmatic buy-or-sell basis.

Today I remain astounded how so many are self-confident in a bullish view.....  Let's not forget that many of those bulls took retail and institutional lemmings over the investing cliff in 2007-09 as they extrapolated economic and profit growth without looking to see how insecure the foundation of growth really was." - via RealClearMarkets




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