A 60:40 allocation to passive long-only equities and bonds has been a great proposition for the last 35 years …We are profoundly worried that this could be a risky allocation over the next 10."
Sanford C. Bernstein & Company Analysts (January 2017)
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria"
Sir John Templeton
Life and investing are long ballgames."
Julian Robertson
Introduction
The energy sector is historically out of favor, representing a record low percentage of the S&P 500 Index, as measured by the SPDR S&P 500