Addiction to Central Bank interventions, have left market participants complacent, unrealistic and weak-minded. Stocks have rallied 20% since October lows, based on intraday levels. But investor sentiment also has gained, and that’s a bad sign for contrarian investors. No one learns lasting lessons or better behaviours from the expectation of repeated bail outs. Without critical thinking and concern for the downside, market participants are left exposed and vulnerable to the inevitable disappointments and losses that follow high hopes. Watch this clip.
Cory’s Chart Corner
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