MarketWatch: “As Dow wipes out over 3 years of stock-market gains, here’s a warning about calling the bottom”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Nick Colas:
.... "In fact, for Wall Street professionals, warned Nicholas Colas, co-founder of DataTrek Research, the temptation to make a bold market-bottom call carries serious career risk.
“Over my plus-30-year Wall Street career I have seen more friends fired or lose clients because they tried to pick a bottom than any other single cause,” he said, in a Friday note"....
Read the full article here on MarketWatch!