One of the smartest investment guys on the planet is David Rosenberg. I read his report every day. Like myself, he is a contrarian and is in the minority of strategists who believe the economy is not going to get better any time soon and could go "double dipping" (double dates were more fun!) The table below is his advice for investors. I shifted WFG portfolios in this direction over one year ago.
WFG Scorecard On The Above1) Check
5) Double Check!
6) Double Check!
7) Check and moving towards Double Check!
Only by standing against the prevailing winds–selectively, but resolutely–can an investor prosper over time. Such a strategy may underperform during markets that are rising, based upon the momentum of the herd vs. fundamental valuations.