Here’s what it will take for one billionaire investor to start unloading his stocks
“John Templeton once famously said, ‘Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria.’ Leon Cooperman, billionaire chairman and CEO of Omega Advisors, says we could be ‘knocking on the door of euphoria’ if the rally continues.”
USAGOLD note: Seeing the Templeton quote for the first time, I was reminded of yesterday’s chart of the day in the Daily Market Report. We repost it below for those who may have missed it. Gold, by the way, is on the other end of the spectrum – probably somewhere between “depression” and “hope”.