Monday, October 26, 2009
Merryn Somerset Webb Sounding Far From Bearish to be Honest
Apologies to Masked Tulip you could be right maybe even Moneyweek is changing its colours.......yet also worth remembering until the last .....another recent Moneyweek quote: "Fidelity's Anthony Bolton explained in the weekend's FT about the stock market, if everyone is positioned for the market to rise, it means these bullish expectations are already discounted â€“ i.e. factored into the price. As a result, the market often moves to make the majority wrong and does the unexpectedâ€¦ so at turning points especially, the correct is the minority view. And while there are plenty of differences between shares and houses, the principles of crowd behaviour are the same for every asset class. When almost everyone is bullish, get ready for a price fall. "