The MarketsComments Off on The Markets
Contrarians probably are waiting for the other shoe – or in this case, U.S. stock markets – to drop.
If you’re not familiar with contrarian investing, the theory goes something like this: Consensus opinion is often wrong. When the majority of investors have a bullish outlook and believe stocks are going to move higher, the chances are stock values will drop. Likewise, when the majority has a bearish outlook and believes stocks are going to move lower, the chances are stock values will rise.