Everyone is gun shy about calling a top in equities or bonds.
Too often in the recent past anyone who has called a top has been steam-rolled. As a result it is only ideologues and dogmatists who have been calling a top for years who are left to carry the flag.
I don't think we are in a bubble, but I do think the market is way overextended. The contrarian in me wants to take the under.
No comments:
Post a Comment