‘Investors’
"Investors," we were told Monday, are curbing their outlook for equities following an "unexpectedly" buoyant first half.
That's according to some boilerplate copy published by a mainstream media outlet during holiday-thinned trading. The investors weren't identified, and there was no evidence cited to support the claim that they're lowering their expectations for stocks. Whoever they are.
That's the wonderful thing about financial media. You don't have to support your claims about "markets." "
I love the cover art. Is that available as a T-shirt?
I need to get back on the t-shirts. I haven’t put out a new one in 15 months. I’m going to write a reminder on a sticky note and put it on one of my main monitors.
I’d be interested in that cover art on one as well, for what it’s worth…
I see a lot of my past thoughts in this impeccably well summarized “investor’s” post. Fortunately, for me, it made me laugh at myself. Maybe I should stop listening to “investors” (me) and find someone better attuned to the unknowable markets? Though I’ve actually, surprisingly, done pretty well this year by looking for value stocks in January. This post is both educational and entertaining, well done sir!
H, I would be remiss if I did not mention busted clocks with the blind squirrels (or maybe the 300 million hamsters). T-shirts would be cool to sport around our cages.
I’d like to add a vote of thanks for the arresting image and in support of the T Shirt bearing it.
At first glance I thought I was seeing an orangutan in profile wearing the garb of the grim reaper.
Now I can’t unsee that.
Great article! Thanks again for your always interesting writing.
We might still revisit the October 2022 lows this year (I doubt it at this point), but if it does happen I don’t see the roundtrip occurring until this October, it would be ironic indeed. By now I don’t expect a return of the bear this year, a 10-15% drawdown? Yes, in September-October when seasonality usually facilitates a correction anyway.
Fabulous summary , H.