Excerpt from MarketWatch quoting DataTrek’s Nick Colas:
…. “In fact, for Wall Street professionals, warned Nicholas Colas, co-founder of DataTrek Research, the temptation to make a bold market-bottom call carries serious career risk.
“Over my plus-30-year Wall Street career I have seen more friends fired or lose clients because they tried to pick a bottom than any other single cause,” he said, in a Friday note”….
Read the full article here on MarketWatch!