What we can see from the Pring Turners and Ned Davis Research-ists of the world is that, while caution always remains important, there’s little to suggest a major sphincter-clenching investor moment directly ahead.
What struck me the most was the courage shown by the New England Patriots after they emerged back onto the gridiron from the rapidly dissembled clutter of Lady Gaga’s halftime show, facing a 21- 3 deficit against the surging Atlanta Falcons.
I see it’s becoming a widely held view among “experts” and other official pessimists that you can’t forecast future investment performance. So is it time to change some well known investment book titles?
The profitless prophets out there have figured out that people love to buy books and newsletters that howl warnings at everything. And the investor herd’s reactions to that fear – buying into shit investment products and missing out on things like a near eight year bull market – make them feel like they’ve eluded some terrible fate.