Hartnett: 4 Reasons Why Nobody Is Bearish Any More

“Only three rules to win the World Cup. Take your chances, don’t make mistakes, and you need seven out of eleven players that refuse to lose. Bit like trading.” - Zeitgeist quote in Michael Hartnett's latest Flow Show

Just before the turn of the millennium, when the Fed's QE was still all the rage and when gold was trading in the low-$1000s, BofA's CIO Michael Hartnett first proposed a "25/25/25/25" portfolio as an alternative to the venerable 60/40 traditional equity/debt portfolio, Wall Street had a few laughs at what it viewed as a novelty gimmick, and promptly moved on.