from King World News:
Eric King: “We just had the Financial Times headline (pictured below) proclaiming ‘Volatility extinguished by moves from central banks.”
Davies: “That headline at the Financial Times is definitely a contrarian indicator. We have the front page of a major publication declaring that volatility is dead. Whenever a major news publication puts out something like that, it’s a major contrarian indicator….
“It’s rather reminiscent of the famous 1979 Business Week front page cover story: “The Death of Equities.” Of course we know what happened after that — it was the start of a major bull market in equities (see below.)
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