I just finished reading Barron’s, which for years has been known as the Bible of Wall Street. In the current issue of Barron’s they quizzed ten market experts about what they think is coming up for the new year. Remarkably, all ten experts believe that the market will be higher. Since all ten experts agreed on a higher market, this presents a perfect opportunity for contrary opinion. Or is it possible that all ten experts could be correct? A contrarian would immediately take the position that the market would be down in the coming year. However my thinking is that too many people now follow contrary opinion. My instinct is to take a contrary position to a contrary opinion. This would mean that the ten experts would be correct in their stance that the markets over the coming year will be higher.
When too many people follow a market method, that method is apt to ... Log in or subscribe to continue reading.
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