A recent article in Canada’s Globe and Mail newspaper had the above headline. Here are a few quotes from the article that I found most pertinent. Jeb Terry, Sr. Dec. 7, 2012.
“the majority of stock seers are currently bearish, and the consensus view is typically incorrect because it’s likely to be already reflected in prices and therefore not much use for making money. To make decent profits, investors have to do something difficult: break from what the herd is thinking, and do the opposite.”
“Mr. Boeckh, who hails from Montreal and formerly was associated with BCA Research, the well-regarded market forecasting firm, analyzed current business book offerings and found titles with doomster leanings outnumbered those with an optimistic tilt by a staggering 61 to five.”
“Mr. Boeckh’s conclusion: to get so many bearish titles dominating book sales, a trend has to be long established and people must be “traumatized and disillusioned with economic and financial prospects.” It sounds pretty convincing to us at Inside the Market that investors should look at the book titles and be doing the opposite.”
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