Three Shades of Bears

Perma bears & tactical bears

Sell-side has a new found love affair with the bear story. Or at least they are the ones that make the most noise now. Let's look at 3 bears, the perma, the more balanced and the short term tactical tourist. Note, we are not saying it is getting crowded and we would agree with most of their reasoning.

1 - The Perma Bear: Kolanovic knows what we did last summer