- September 26, 2003
Exactly what are investors thinking? How can I be right about being in something called a secular bear market if stocks just keep going up? Isn't it time for me to throw in the towel, admit I was wrong and declare a new bull has begun? I answer these questions and more as we ponder the meaning of several important, if somewhat obscure, academic studies.
We begin with the question posed to me by Butch, an astute businessman and reader, as we watched the Texas Rangers from the balcony office...Read more