Even a casual look at the graphs shows that strategists are massively wrong
at extremes:They were the most underweight right before the start of large bull market moves (1997 and 2009), and most overweight in 2001.
via pragcap.com
« The End Of The Euro: A Survivor’s Guide - by the former Chief Economist of the IMF | Main | What views can you hold about Spain? »
05/29/2012
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