Markets are not always efficient, nor right

By |2018-03-16T01:38:49+00:00May 24th, 2017|Categories: Single Point of View|Tags: , |

Of the 46 previous declines of -10% or more in the stock market (S&P500), a little more than a third (19) became bear markets, defined as a drop of at least -20%.  Most of the -10% pull-backs – as sharp and painful as they are - turned out to be just false signals and momentary detours [...]