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A Technician s Thoughts on the Market Heading Into 2021: Part 1 What passes for analysis has changed over time; we take a bit of a deeper dive here. Dec 28, 2020 | 09:02 AM EST I broke down the other weekend and bought Barron s for its 2021 Forecast issue and I also bought Investor s Business Daily to see its latest top 50 list. Why, you ask?
Many years ago when I worked at Smith Barney Harris Upham, I would buy several magazines in late December Forbes, Business Week, Fortune, Money and others to see what the consensus view was for the year ahead. I kept in mind that if too many reporters/journalists recommended the same stocks and sectors I would tend to go in the opposite direction to some degree. If everyone recommended it then it was an overcrowded trade and I wanted to pass on it. ....