The New CS Board

[ahimsak]

Last week, all the "experts" were claiming market action confirmed it was time to sell Covid new economy stocks, and rotate back into cyclicals. They were wrong.

In almost 35 years of watching how experts say the wrong thing at turning pts, and the news should be taken as a contrarian indicator.

My favorite was the barrons cover of bears running with knives coming at them in mid July 1990, just before a 25% bear market started. The article made fun of the bears being wrong for so long!

I have learned Barrons is very very wrong most of the time. They loved Enron in the spring of 2000, saying it was the best "tech" stock to own.