Tuesday, June 28, 2011

Mark Twain the Strategist

"Whatever ... thing a consensus coppers, bet your money on that very card and do not be afraid," Twain wrote ("coppers" being colloquial for bets against). The good ‘ol consensus sure does get beat up regularly, and fittingly so. It’s fetched up a horrible track record.

At the moment, market view, world consensus is for a US slowdown, H2, and into year end.

We noted earlier that absent another major violent event in the Middle East, and absent another major intrusion by the Administration and/or by the Fed, that we will move nicely into year end.


Robert Craven

No comments:

Post a Comment