How many economists can dance on the head of a pin?

Posted on Mar 25, 2012 by in Letters

 

Note the new long term trendlines from Jul 10 and Mar 09.

Or looked at another way, how many analysts fit into a thimble?  Sunday's Times features an article by an economist we repsect, Paul Lim who noodles with the idea of bull market lengths and where we are at present in the average bull market picture.  Well, Lim can dance on the head of a pin.  He says that the average bull market is somewhat less than 4 years -- so counting from March 09 the present bull is (this month) 3 years old.  Worry, worry.

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