Buy The Dip… Or Embrace The Rotation? Authored by Louis-Vincent Gave via EvergreenGavekal.com, Back in 2000, when technology stocks hit the wall, one of Gavekal’s first clients told us: “It’s OK. Bear markets serve an important purpose: they return capital to its rightful owners.” Behind this cynicism lies an inherent truth. Bear markets do tend to shake out “weak hands,” clean out retail investors, and punish those who operate with too much leverage. Another key function of bear markets is to transfer leadership from one country or sector or asset class to another. This brings us to today’s single most… — Continue at ZeroHedge News : Read More
