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An Outrageous Prediction
“We are at the base building period for the next bull market. What I see happening is perhaps this continuing till the end of the year, and then a break out.”
That’s what Mark Mobius, who manages $20 billion for Templeton Asset Management and who was recognized as one of the “Ten Best Investors of the 20th Century,” told investors a few weeks ago.
An outrageous prediction, right?
Well, it is and it isn’t.
After this week, most investors would consider it pretty aggressive. After all, this week the markets fell for the three straight days to start out the week. It was only…
22Jun2009 | Q1 Publishing | 0 comments | ContinuedBear Markets: Your Gift From The Financial Gods?
Although we saw a furious short-term rally late last week, we have entered into official bear markets territory as of early this month. (Bear markets are defined as a drop of 20% or more from a previous high.)
This is a good thing. Legendary investors understand this. Ordinary investors don’t.
If you haven’t spent much time buying stocks getting excited about a bear market doesn’t just sound counter-intuitive, it sounds nuts. After all, how can you feel appreciative watching the value of your life-savings grind lower?
But try thinking like a chess player, a few moves ahead.
Every stock investor knows that you’re supposed to…
24Jul2008 | Investment U | Comments Off | Continued
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