"The following piece was excerpted from the July 9, free, daily, Cabot Wealth Advisory. I thought it poignant:"

Uncertainty Is Not Chaos

In the field of Contrary Opinion, uncertainty and doubt are good things, because they allow truth to creep in. Certainty sometimes shuts out truth, and thus wisdom. Chaos means utter lack of order and unpredictability, and if that's your state of mind--or the state of the market--you'll be better off in cash until there is some order in both.

David Fuller's view This is good and I thank you for it.

With markets, we live in an uncertain world in terms of human behaviour. Therefore certainty of market opinion is irrational, and says far more about what we think, hope or fear will occur, than what is likely to take place. And since we are a herd species, a clear consensus tells us much more about what people have already done, rather than what the market is likely to do. That is why a perceptive investor will regard a cle