by Patrick O’Hare
The suicide squeeze play in baseball is a sight to behold. It is filled with tension because it involves a binary outcome. The runner trying to make it home from third base will either be safe or out. There is no middle ground.
In the stock market, investors often choose a middle ground. There isn’t a lot of tension there on the surface of things because choosing the middle ground—a neutral position if you will—limits your exposure to the stock market’s swings.
The remarkable thing about having a neutral market view, though, is that it is almost always wrong.