“Every human being on the planet should short Treasuries”

That was a quote from a famous market pundit in Feb 2010, who also described the trade as a “no-brainer”.  Had you followed this guru’s advice your no-brainer portfolio would be down 50%.  Not that I need to remind our readers to blindly follow pundit advice, but always good to remember bold calls are great for selling books and speaking fees, not always so good for your wealth…

In a related note here is an update to the Tetlock forecasting tournament some of you participated in…(HT: AF)