I could find half a dozen people to argue with me why commodities should be even lower. Or zero, or negative. It would be a compelling argument. Because the bearish argument is most compelling at the lows.
At the lows, the bullish argument is totally nonsensical. But often right.
This is a Market Wizards sort of discussion. What makes a great investor?
One more Jared Dillian quote:
“You have to be willing to be wrong and alone.”
Jared Dillian is editor of Mauldin Economics' The 10th Man.