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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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"Much more careful on predicitons" ...


Liz Ann Sonders, Charles Schwab & Co., Inc.    01/23/08

Early this morning, my colleague, Christopher Burdick, reminded me of a profound quote from Sir John Templeton: "Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria." I'd like to add my own take on the opposite: Bear markets are born on optimism, grow on fear, mature on panic, and die on capitulation. As I've said and written time and time again, panic is not an investment strategy.

 

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