The Fallacy of the ‘Broken Clock’ and the Art of Contrarianism

Traders work on the floor of the New York Stock Exchange in New York City on March 30, 2022. Michael M. Santiago/Getty Images

Commentary 

It gets stated that “bears are like a ‘broken clock,’ they are right twice a day.” While it may seem true during a rising bull market, the reality is that the “broken clock syndrome” owns both “bulls” and “bears.”