Weekend Reading: Willful Blindness

by Lance Roberts
Real Investment Advice

Despite deteriorating economic data, the market continues to cling to recent levels of over overbought, overextended and low reward/risk outcomes.

[…] The problem for individual investors is the “trap” that is currently being laid between the appearance of strong market dynamics against the backdrop of weak economic and market fundamentals. Ignoring the last two to chase the former has historically not worked out well.

As David Rosenberg penned for the Financial Post:

“Okay, this really is one weird market.

I’m quite sure I have not seen such levels of confidence on one hand, and cognitive dissonance

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