Will the bulls keep running?

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Historically, the third year for a president produces a good return for investors. Investment strategists Liz Ann Sonders, Chief Investment Strategist of Charles Schwab, and Sam Stovall, Chief Investment Strategist of Standard & Poor’s, say why 2011 will be no different.

Source: CNN Money, December 22, 2010.

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1 comment to Will the bulls keep running?

  • Not only is their opinion consensus, these strategists always seems to be bullish. Why is that? First, it is good to be bullish as it brings money to your firm; why tell clients or prospective clients you are bearish, then people don’t want to invest. Second, it is easy to hide behind a consensus opinion if you are wrong; why? You can always blame the market or someone else, but you never have to blame yourself if you are wrong. Lastly, what good is one’s opinion if it is always consensus?

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