AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/article-1G1-163075911/contra-contrarian.html" title="Facts and information about The Contra Contrarian.">The Contra Contrarian.</a>
Close
Set up an RSS feed that alerts you when new articles from Newsweek International are available.
Frequently asked questions about RSS feeds
The Contra Contrarian.
Byline: Barton Biggs (Biggs, the famed Wall Street strategist, is now a hedge-fund manager at Traxis Partners.)
Equity markets around the world are flirting coquettishly with new highs, but this old head and a lot of younger, hairier skulls are puzzled by the sentiment of the aggressive big money. We all pay a lot of attention to this sentiment, because as contrarians, we believe that a strong consensus of investors is almost always wrong.
That warm sense of everything going well is usually the body temperature at the center of the herd. Invariably, the majority is wildly bullish and fully invested at the top of a market and are gloomy and have a lot of cash and short positions at the bottom.
The trouble with being a contrarian ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Deficit breathes new life into Treasury market But United States interest rates...
- News wire article from: Asia Africa Intelligence Wire February 6, 2003 700+ words
...Alan Greenspan said the United States was in danger of building...them worry about higher interest rates, a world without a Treasury...factors that can weigh on interest rates. Yesterday, the Treasury...larger deficits will push interest rates higher. Glenn Hubbard...
- Bonus share bonanza, higher Fed rates ..BY: By P.Y. Chin ..LD: INCH Kenneth's...
- News wire article from: Asia Africa Intelligence Wire June 27, 2004 700+ words
...from abroad - that the United States may likely raise interest rates. The shareholders of...Greenspan's announcement on interest rates in the US. On Tuesday...of US bankers that sets interest rates in the US and which Greenspan...
- Slowing economic growth could sink rates: political and economic concerns in...
- Magazine article from: Money Digest Harvey, Kerene February 1, 1999 700+ words
...looking at lower interest rates across all maturities, both in the United States and Canada, during...concern for the United States are the impeachment...any move to lower interest rates in the United States. This would enable...
- Why I'm A Dollar Bull; Lonely Among the Bears: The relationship between...
- Magazine article from: Newsweek International Fosler, Gail March 21, 2005 700+ words
...of very low interest rates had the effect...reversed and the United States is leading the...higher and higher interest rates. It is virtually...currencies. When the United States slows down...financial crisis. Interest rates in the region...
- United States: Bernanke hints to cut interest rates to cope with financial...
- News wire article from: Thai Press Reports October 9, 2008 700+ words
...has worsened, hinting the central bank might cut the interest rates to cope with the financial crisis. "Economic activity...he said, hinting the central bank might cut the interest rates to cope with the financial crisis. - PNA
- United States: Obama hails record low interest rates.
- News wire article from: Thai Press Reports April 13, 2009 700+ words
Section: General News - U.S. President Barack Obama on Thursday hailed historically low interest rates, saying the good news could save homeowners who refinance their mortgages about 1, 600 dollars a year. "We are at a time where...
- Prepare for the perfect storm ..BY: By P.Y. Chin ..LD: IF the sharp rise in the...
- News wire article from: Asia Africa Intelligence Wire June 6, 2004 700+ words
...and the impending rise in interest rates in the United States could also affect the delicate...is just entering. (US interest rates are expected to rise at...TX: Impending rise in US interest rates US Federal Reserve (Fed...
- Our best bankers upbeat despite credit crunch: equity market volatility, the...
- Magazine article from: Australian Banking & Finance Lewis, Peter-John August 30, 2007 700+ words
...said. "The sub-prime market in the United States is, in itself, a significant market...US$100 billion. But, relative to United States credit markets, which are vast, there...that the health of the economy in the United States is really much better than recent equity...
- United States: Bernanke warns impact of lower interest rates likely to be...
- News wire article from: Thai Press Reports December 3, 2008 700+ words
...colleagues will drop the rate again at their next meeting on Dec. 15-16. The Fed can lower its key rate to zero. But nominal interest rates cannot fall below zero. The U.S. economy declined at an annual rate of 0.5 percent in the third quarter. Economists...
- Taking Stock: The Bottom Line On The Shoe Biz.(United States. Federal Open...
- Magazine article from: Footwear News Steigrad, Alexandra Young, Vicki M. November 3, 2008 700+ words
...the Standard & Poor's Retail Index closed up almost 1.7 percent after the Federal Reserve said it was cutting interest rates, but the news didn't help the Dow, which fell back below the 9,000 level. In the final 10 minutes of trading, the...
Source: HighBeam Research, The Contra Contrarian.