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The Permabears Throw in the Towel

Truth be told, the market’s rise this year is making me kind of nervous.

Just over the past two weeks, I’ve seen that the last of the permabears are throwing in the towel. Gold did not reach $5,000. Weimar-style hyperinflation has yet to put in an appearance. Europe has not “imploded.” I’m still writing this e-letter in English and not in Mandarin.

That permabears were wrong is, of course, good news — unless you invested your money with these folks. In that case, you have my condolences.

But here is why I’m worried for the rest of us.

Read more about what the permabear flip-flop means for you and your investments at Eagle Daily Investor.

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That permabears were wrong is, of course, good news -- unless you invested your money with these folks. But here is why I'm worried for the rest of us.

archive

The Permabears Throw in the Towel

That permabears were wrong is, of course, good news — unless you invested your money with these folks. But here is why I’m worried for the rest of us.

Truth be told, the market’s rise this year is making me kind of nervous.

Just over the past two weeks, I’ve seen that the last of the permabears are throwing in the towel. Gold did not reach $5,000. Weimar-style hyperinflation has yet to put in an appearance. Europe has not ??imploded.? I’m still writing this e-letter in English and not in Mandarin.

That permabears were wrong is, of course, good news — unless you invested your money with these folks. In that case, you have my condolences.

But here is why I’m worried for the rest of us.

Read more about what the permabear flip-flop means for you and your investments at Eagle Daily Investor.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Nicolas A. Vardy is the London-based International Economics Correspondent for Human Events.

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