With immediate access to market information, and the media’s reporting on the stock market as though it were a sports event, investors lose track of the long term and focus too much on the short term.
The one man I know who actually did accurately predict the 2008 financial crisis, Joe Kalish of Ned Davis Research (NDR) – and before you ask I didn’t listen to him either – believes this isn’t time to rush into caution.
In the kingdom of retractions otherwise known as The Office for National Statistics (ONS), we have all rather politely endured over 76 data corrections in the last three years.
I hate the expression ‘cautiously optimistic’. Sounds like being ‘sort of a virgin’ or a half-in Trump supporter. It’s just word play attempting to legitimise what reality won’t.