It used to be that when bold proclamations were made that they had to be backed up by something. But it increasingly seems that with the passage of time that investment analysts can make definitive statements that, as long as they fit with a widely accepted narrative, will go past completely unchecked. This current state of financial information sharing increases the risks for investors going forward. For while investors can survive complacency given the historically low volatility environment, it remains as important as ever for investors to rely on more than words in managing their portfolios and doing their homework in preparing and positioning for the markets that lie ahead.
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