FNArena

By Rudi Filapek-Vandyck, Editor FNArena

There is a whole bunch of scaremongers out there, waving index charts that look as scary as they can for any human mind with doubts about the future direction of risk assets. But the untold truth is most of these perma-bears have been waving similar charts for at least the past two years, which as far as I am concerned, gives them no credibility in today's tough environment for risk assets globally.

It's a bit like grabbing the media-megaphone and telling everybody CSL shares are extremely over-priced when they are trading at $120 and now claiming victory because they have retreated, finally, -20% from an all-time high of $230.

In my humble opinion, none of this provides any evidence such prediction/opinion was correct. It proves th