"...it is too bad that investors do not carry their real-world attitudes to the world of stocks, bonds and commodities. If they did, we would experience fewer, if any, bubbles no matter how much liquidity fills the financial system. And fewer investors would be buying high and selling low.”
Irwin Kellner quoted by Jon Nadler. I think that Nadler is one of the few analysts whose views are worth reading regularly - together with Stewart Thomson (Graceland Updates) and William Pesek (Bloomberg).
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