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His advice is as bad as the advice from people earlier on how one ought to be moving out of bonds into equities that led to the rotation earlier this year. If one stayed diversified from the start, one wouldn't need to make this kind of moves which can also end badly.
If the US markets tanked, international markets will also likely tank despite their fundamentals. If there are some global shocks, they may tank even more than US stocks, valuations notwithstanding.
Alternatively, one can be an informed and smart momentum investor that tactically allocates with much smarter analysis than this finger in the air approach.
It's funny how everybody seems to read from same book at times.
Ever wonder how few real thought leaders there are in this industry?
Suspect too the leaders change with time, naturally.
And, how do the new ideas get introduced...a paper, conference, quarterly letter, blog post, new book? Once, introduced, it's easy enough to see how they get perpetuated.
It also seems that each investing house, like RA, has their own script. In other words, tell me where the analyst works and I can tell, most of the time, what the latest research will show.
Comments
If the US markets tanked, international markets will also likely tank despite their fundamentals. If there are some global shocks, they may tank even more than US stocks, valuations notwithstanding.
Alternatively, one can be an informed and smart momentum investor that tactically allocates with much smarter analysis than this finger in the air approach.
Ever wonder how few real thought leaders there are in this industry?
Suspect too the leaders change with time, naturally.
And, how do the new ideas get introduced...a paper, conference, quarterly letter, blog post, new book? Once, introduced, it's easy enough to see how they get perpetuated.
It also seems that each investing house, like RA, has their own script. In other words, tell me where the analyst works and I can tell, most of the time, what the latest research will show.