This week, one of the most well known permabears came out and took a victory lap despite the fact his commentary has been negative about stocks forever.
But it’s a trick…
People can pick different indexes, use price versus total return data, cherry pick from among their own statements and do all sorts of other jiujitsu to hide their bad calls. Investors would do better to ignore all of it, but this is hard – so being armed with this knowledge is the next best thing.
Read Michael Batnick’s explanation here: