Bull markets are more fun than bear markets

Bob Farrell, longtime Merrill Lynch head of research, celebrated market technician and author of the widely cited 10 Rules for Investors, calls in to share his insights with Grant’s.

2:21 What’s changed, and what’s the same

6:40 “Excesses in one direction lead to excesses in another.”  Does that apply to interest rates?

11:20 Capital allocation strategies in a lower-return environment

16:49 Buy and hold and cyclical fluctuations

20:13 Contrarian ideas right now

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