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Steven_Jon_Kaplan's profile

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“With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future.” --Carlos Slim Helu: http://truecontrarian.com/charts/realSNP.png
“With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future.” --Carlos Slim Helu
Nasty Mean Reversion

NASTY MEAN REVERSION (November 24, 2021): There is a fascinating paradox in the financial markets. The most consistent pattern for asset behavior through the

“It’s not always easy to do what’s not popular, but that’s where you make your money.” --John Neff: http://truecontrarian.com/charts/SNPvsQ.png
“It’s not always easy to do what’s not popular, but that’s where you make your money.” --John Neff
Bearish Rotation

BEARISH ROTATION (August 16, 2021): The media have featured numerous articles about how there has been a rotation among equity sectors. However, the assumption which

“Don't panic.  The time to sell is before the crash, not after.” --John Templeton: http://truecontrarian.com/charts/margindebtvsgdp.png
“Don't panic. The time to sell is before the crash, not after.” --John Templeton
Crack Crumble Crash

CRACK CRUMBLE CRASH (May 17, 2021): There are all kinds of theories about why U.S. stocks reached all-time record overvaluations in 2021: the Fed, coronavirus

“Investing should be like watching paint dry or watching grass grow.  If you want excitement, take $800 and go to Las Vegas.” --Paul Anthony Samuelson: http://truecontrarian.com/charts/pennystockmania.jpg
“Investing should be like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” --Paul Anthony Samuelson
Investing While Intoxicated

INVESTING WHILE INTOXICATED (January 17, 2021): We have experienced all-time record levels of speculative call buying, penny-stock chasing, massive percentage

“If it's obvious, it's obviously wrong.” --Joe Granville: http://truecontrarian.com/charts/uscot20201103.png
“If it's obvious, it's obviously wrong.” --Joe Granville
Ephemeral Extreme Election Euphoria

EPHEMERAL EXTREME ELECTION EUPHORIA (November 8, 2020): As a result of eager investor anticipation of a new U.S. political configuration the shares of