So long as predictions remain popular, and are so numerous as they are today – and so long as they receive notoriety through repetition in the press and on the radio – contrary opinions will increase in importance as thinking aids. “
January 14, 2019
The recent pullback in the stock market has caused much angst in the media. The strength of the economy is questioned daily. It’s reminiscent of the investment chatter after the October “crash” of 1987. The “coming recession” that never happened. In my opinion, both periods were impacted more by the structure of the market rather than the...