Marketing Commentary- Q1 2006
What’s Been Happening? The hangover is finally past. Beware immodest proposals. The vicious US Bear Market finally ran out of steam just over three years ago. In an almost non-stop rebound, virtually all stock market investors look smarter than they are right now. The nearly 800 trading days without a downward correction of 10% or more is not unprecedented, but it is unusual. This won’t go on forever. This is the time when anyone who has been invested in stocks has a pretty good three-year track record and Wall Street marketers are not known for their humility. Behavioral economics warns us...
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