“Expect the worst, you’ll never be disappointed.” –Sarah Dessen
“Getting so much better all the time.” –The Beatles
“Hotter than hot, newer than new…” –The Varsity Drag
John Manley, Chief Equity Strategist with Wells Fargo Asset Management, joins us to take stock of the equity markets.
“…there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know…it is the latter category that tend to be the difficult ones.” –United States Secretary of Defense Donald Rumsfeld
I find it easy to predict the future. However, it’s a lot harder if you want accuracy and all but impossible if you want consistently accurate market predictions.
It typically is a terrible thing when stocks go down. Whether it is a quick and nasty bull market correction or a protracted and grinding bear market, it has the potential to destroy wealth and damages egos.
“Anyone can get old. All you have to do is live long enough.” Groucho Marx
“The more I see you, the more I want you.” Harry Warren and Mack Gordon