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Trader: “Down Should Be The Direction Of Choice For US Stocks”
Well, Mark Cudmore is back on the clock after an extended vacation.
Monday's missive finds the former FX trader reminding us that he "turned bearish US equities on March 8." Actually, Cudmore has "turned bearish" only to "turn" back bullish on any number of occasions this year. Through it all, he's generally maintained an upbeat outlook on the long-term prospects for the global economy.
This morning is really no different. Like everyone else, he's a bit incredulous at the extent to which equ
“Strategists have the luxury of predicting an asset to move from A to B without needing to navigate the mental stress of the path that might be followed.”
Ain’t that the truth.
great timing
yeah, ole Mark like many of his ilk hasn’t learned that the best thing to do is just pick a side and stick with it. being called a “permabear” is preferable to being made fun of for poor timing. at least in my sun-baked mind.
Just remembering that two of the great bull market seasons were in 1929 and 1987. And then…..