Will bulls or bears celebrate? Probably the bulls, right off the cliff…

In April I suggested that, between the bear market and bubble reflation, the latter was the more likely scenario. So far so good.Presently economic data is the worst we've seen in the living memory and stocks close to most overvalued ever. Now we have mass riots. Nonetheless stocks rise...As David Zervos recently said, looking at … Continue reading Will bulls or bears celebrate? Probably the bulls, right off the cliff…

Trend following is the only valid answer to the problem of uncertainty

Spending time looking at economic data releases or focusing on corporate earnings is a colossal waste of timeDavid Zervos, MD, Jefferies Over the years I’d written many articles suggesting that price forecasting based on market fundamentals is a waste of time – if not something worse. In polite society, this is not a popular claim, … Continue reading Trend following is the only valid answer to the problem of uncertainty