"In The Realm of Extreme Belief "
The quote is from James Montier, at an investor conference
describing the current psychological "belief" state in the stock market today.
Just one look at the Monthly Chart of the S+P 500,
bears that out in an acutely vivid way.
Observe the "Angle of Ascent"seen on this chart.
The S+P 500 is most widely owned index of 500 stocks in the world.
It is the benchmark,in which all professional money management is measured.
Do you think there is any margin for error here...?
THE_UNWIND
1/29/20
NEW YORK
The quote is from James Montier, at an investor conference
describing the current psychological "belief" state in the stock market today.
Just one look at the Monthly Chart of the S+P 500,
bears that out in an acutely vivid way.
Observe the "Angle of Ascent"seen on this chart.
The S+P 500 is most widely owned index of 500 stocks in the world.
It is the benchmark,in which all professional money management is measured.
Do you think there is any margin for error here...?
THE_UNWIND
1/29/20
NEW YORK