The Idiot Maker Rally

In our winter investment letter we discussed how experts have been wrong in the past few years about this rally in stocks.  In that regard Business Insider.com ran a post yesterday of well known Wall Streeters-experts from both the bullish and bearish camps- who since the market bottomed back in March of 2009 have presented their arguments for why investors should sell.  Now to be fair I have not seen the complete body of each investors work.  I know one instance, Doug Kass, who has been both a bull and a bear during that time.  But it is interesting the shear volume of folks who have been bearish and fought this market on the way up.  It is also interesting that just based on these quotes how many of these well respected experts have been wrong.

Link:  Dow Jones-Idiot Makers Rally.