THE UPCOMING VIOLENT ROTATION

Setting the stage (part 1)

A month ago, I suggested that the “bull market in crap is over.” I hold onto that view. In fact, I contend the biggest mistake investors will make next year will be to buy this summer’s high-octane names because “they are on sale.” If you hear yourself saying “but it’s down 50% from the highs”, then I suggest you double-check the investment merits of th…