The Fed started hacking interest rates in 2007 and QE3 ended in October 2014. This 7-year period of extraordinary ease and the nearly 3-year upswing since has been a difficult time for many market contrarians and so called ‘bears’. To wit, Cornerstone has been missing since 2015, Contrary Investor hasn’t released anything publicly since 2013, and Cross Currents, Beartopia, Financial Armageddon, iTulip, Nystrom, Iacono, and numerous others have gone into deep hibernation. As for Prudent Bear, Tice sold his fund as the crisis began and now the site is trying to look prim and proper (I preferred it when a visit to Prudent Bear meant reading the ‘Bear’s Lair’ and seeing another Tice warning about the coming collapse in the stock market (which, of course, Mr. Tice is still warning of)).
As if to throw salt on a wound, in a recent post from the ‘Wall Street Bear’, which is still trying to growl, there is the talk of ‘new paradigm’ and speculation of the sacrilege:
‘Starting to seem like there will never be another bear market.’
This post was published at FinancialSense on 09/05/2017.