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This Time Isn?t Different
by Richard Bernstein of Richard Bernstein Advisors, 4/29/11
Hearing the phrase ?this time is different? is often a warning signal. History demonstrates that rationalizing an overvalued market by suggesting that the economy has structurally or that we?ve entered a ?new paradigm?, is not generally a fruitful strategy. Whether bullish or bearish, we believe that macro cycles rarely diverge from historical patterns. Indeed, current global economic cycles appear to be following historical trends. However, there appears to be a significant disconnect between investor sentiment regarding risk and where problems are actually emerging within the global economy
Results 201–201 of 201 found.