What You Know for Sure that Just Ain’t So!

Jon Blogosphere, Market Commentary

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.
-Mark Twain
We know many things for sure. Examples are:
In 1913 we knew that a European war was unlikely because European countries would not engage in pointless and mutually destructive actions. Later we knew it as ‘the war to end all wars.’
In 1915 we knew that the war would be over in a matter of weeks.
In 1929 we knew that the stock market had reached a permanently high price plateau.
In 1938 we knew that appeasing Hitler via the Munich Agreement was the best policy. Chamberlain in England told us so.

This post was published at GoldStockBull on October 19th, 2017.