The legendary investor, Sir John Templeton, said:
?People are always asking me: Where is the outlook good? But that’s the wrong question. The right question is: Where is the outlook most miserable??
Find out why normally rational people first lose heart, then hope, before stampeding of cheap and into expensive investments ? and discover which well-known institution made a very embarrassing public capitulation in exactly this way…
Something strange is happening. Since December, on days that the oil price falls, stockmarket prices fall too. On days that the oil price goes up, share prices rise with it.
This extraordinary correlation is illogical: investors are behaving as if cheap oil is blanket bad news for every industry (and economy) across the globe.
That’s obviously nonsensical ? which exposes an obvious opportunity for calm, logical investors.