The best buy signal in markets isn't a chart pattern.
It's CEO confidence hitting rock bottom.
1991: CEOs most pessimistic โ S&P 500 bottomed โ massive rally
2002-03: CEOs most pessimistic โ S&P 500 bottomed โ massive rally
2009: CEOs most pessimistic โ S&P 500 bottomed โ massive rally
2020: CEOs most pessimistic โ S&P 500 bottomed โ massive rally
2022: CEOs most pessimistic โ S&P 500 bottomed โ massive rally
Every. Single. Time.
When the people running the world's biggest companies are most scared about the economy โ the market is loading up for the next bull run.
Extreme pessimism is the contrarian investor's best friend.
If Buffett is the greatest investor everโฆ then explain these numbers.
Michael Marcus: 120% CAGR over 10 years.
Richard Dennis: 120% CAGR for 19 years.
Bruce Kovner: 87% CAGR over a decade.
Ed Seykota: 60% CAGR for 30 years.
William O'Neil: 40% CAGR for 25 years
The 25 best-selling menโs perfumes
1.๐ซ๐ท Bleu de Chanel โ 9M+ units
2.๐ซ๐ท Dior Sauvage โ 8.5M+ units
3.๐ฎ๐น Acqua di Giรฒ โ 7.8M+ units
4.๐ช๐ธ Paco Rabanne 1 Million โ 7.2M+ units
5.๐ฎ๐น Versace Eros โ 6.9M+ units
6.๐ฎ๐น Giorgio Armani Code โ 6.5M+ units
7.๐ซ๐ท Jean Paul Gaultier Le Male โ 6M+ units
8.๐ฉ๐ช Hugo Boss Bottled โ 5.8M+ units
9.๐บ๐ธ Calvin Klein CK One โ 5.5M+ units
10.๐ฏ๐ต Issey Miyake LโEau dโIssey โ 5.2M+ units
11.๐ซ๐ท Yves Saint Laurent Y โ 5M+ units
12.๐บ๐ธ Ralph Lauren Polo Blue โ 4.9M+ units
13.๐ฎ๐น Dolce & Gabbana Light Blue โ 4.7M+ units
14.๐บ๐ธ Tom Ford Noir Extreme โ 4.5M+ units
15.๐ช๐ธ Carolina Herrera 212 VIP Men โ 4.3M+ units
16.๐ซ๐ท Hermรจs Terre dโHermรจs โ 4.1M+ units
17.๐ช๐ธ Paco Rabanne Invictus โ 4M+ units
18.๐ซ๐ท Chanel Allure Homme Sport โ 3.9M+ units
19.๐ฉ๐ช Montblanc Legend โ 3.7M+ units
20.๐ฎ๐น Giorgio Armani Acqua di Giรฒ Profumo โ 3.6M+ units
21.๐ฎ๐น Valentino Uomo Born in Roma โ 3.5M+ units
22.๐ฎ๐น Prada Luna Rossa Ocean โ 3.4M+ units
23.๐ซ๐ท Givenchy Gentleman โ 3.3M+ units
24.๐ซ๐ท Azzaro Wanted โ 3.2M+ units
25.๐ฎ๐น Bvlgari Man in Black โ 3M+ units
๐๏ธ Sources: Statista / Euromonitor / Brand Annual Report (2025/Quarter)
@MichaelAArouet Even when one accepts the consensus that humanity has contributed to climate change, the context looks quite a bit different when one zooms out, using the same consensus data.