Beware peddlers of Armageddon

Via FTAlphaville:

In the summer of 2018, Alphaville observed that there seemed to be a paradoxical bull market in being bearish.

Since the financial crisis and the ensuing rise to fame of the investors who called — and profited significantly from — it (Bass, Burry, Eisman, Paulson, Gross et al.) there have been almost constant calls for a repeat of Armageddon.

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