Check what the time is
Some of the sayings trotted out by commentators need careful examination, writes Nigel Dunn
Lately our interest has been piqued by market commentators’ divergent opinions.
For instance: "It is darkest before dawn"; "Small caps are on sale"; "It’s time to ditch SA equity"; "The market is cheap by historical standards" — to name but four. As readers probably know by now, IM has a bias toward small caps — for several reasons. Mainly they are under-researched and have broad appeal among readers (particularly the DIY investor).