A reader asks: Is it time for the stopped clock to be right? Archer responds: When Galileo embraced Copernicanism in the early 17th century he wasn’t wrong, just “early” in Wall Street parlance. He was subsequently forced by the Pope to recant, kind of like Mr. Market makes today’s masters of the universe reconsider their earnings estimates for the S&P 500, and their seemingly never-ending predictions of a recession.
Is it time for the stopped clock to be right?
Is it time for the stopped clock to be right?
Is it time for the stopped clock to be right?
A reader asks: Is it time for the stopped clock to be right? Archer responds: When Galileo embraced Copernicanism in the early 17th century he wasn’t wrong, just “early” in Wall Street parlance. He was subsequently forced by the Pope to recant, kind of like Mr. Market makes today’s masters of the universe reconsider their earnings estimates for the S&P 500, and their seemingly never-ending predictions of a recession.