Eye of the financial storm
It’s never wise to mess with Mother Nature
By Todd Harrison
June 16, 2010
NEW YORK (MarketWatch) — It’s easy to finger the bears as a cabal of pessimistic pundits who root against the world.
Following the single worst decade in financial market history, they’ve earned the benefit of their own market doubt.
As negative headlines abound and social mood sours, some might view the mounting malaise as a contrary indicator. One could also argue that the prolonged period of substandard performance is on the margin constructive; that a regression to the historical mean would suggest double-digit returns for the foreseeable future.