“For some reason, people saying bearish things always sound smarter than those with more bullish leanings. Many of the bears are sharp guys. They often have great insights and the courage of their convictions. They write very well and much of what they say has been incontestable.
But investing based on their conclusions this year, as satisfying as they may have been on a purely cerebral level, would’ve kept you out – or even short – during one of the greatest face-melting rallies in history.
So how did we reconcile the factual erudition of the bears with the blatant and definitive reality of green quote screens all year? Well, we relied on a small but worthy cadre of voices who gave us the Intellectual Cover we needed to be bullish. I give props to four of them below…”
The foursome includes me + Jeff Saut of Raymond James, Barron’s Michael Santoli and Bob Doll, of BlackRock.
Thanks for the kind words, Josh!
Tired of market bears? Here are four bulls who’ve been right so far.
By Joshua M Brown
Christian Science Monitor, March 24, 2010