“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Historical Bulls and Bears
From a historical perspective, the secular bear market that began with the dot-com bust in 2000 has been very tame (so far). We think that will change. For more information, check out Doug Short at Advisor Perspectives.