On 5/1 (see post below) I noted the consensus was expecting a market correction. The market kept soaring.
The lesson? Beware of the consensus. The majority cannot be right. It would be too easy to make money. On the other hand, you should also beware of the euphoria the current rally is likely to generate.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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