Could this opinion, which essentially implies gold is forever down and equities have entered a permanent high, be one of those classic calls at a market turning point? Further, such "this time its different" call believes that central bank manipulation is a practice that can go on in perpetuity. Remember these brilliant proclamations from Fortune and Business Week. One made approaching a top[...]
Tag: contrarian
Everyone is a Genius in a Fed-Induced Stock Rally – “Pro’s” Drinking Their Own Kool-Aid?
By Michael Sincere Don’t confuse brilliance with a bull market Bullish stock investors are feeling invincible. For example, I recently received a taunting email from an investor who is 100% convinced that the Dow Jones Industrial Average DJIA, -0.62% will hit 18,000 by January because author and professor Jeremy Seigel said so. This investor advised me to buy mutual funds or stocks so that I [...]