Time Magazine “Bull” Cover – Contrarian Or Not?
Beware of the Time Bull Cartoon? We don’t think so.
Over the last 65 years TIME Magazine has featured the picture of a bull on its cover multiple times.
According to market lore, this event is generally regarded as negative for the market.
However, analyzing the Birinyi Clippings database, we’ve gone back and pulled the historical TIME Magazine covers and have found that the myth has been mostly incorrect.
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Courtesy of TickerSense [2]