Wall Street’s biggest bear is no more

Kolanovic’s departure follows a two-year stretch of disappointing market calls that saw him remain bullish as stocks tumbled in 2022,

only to turn bearish just as the market started to recover during the fourth quarter.

MarketWatch 3 July 2024

Kolanovic’s departure follows a two-year stretch of disappointing market calls that saw him remain bullish as stocks tumbled in 2022,

only to turn bearish just as the market started to recover during the fourth quarter.

MarketWatch 3 July 2024

They don’t want to be what investor Mark Kritzman calls “wrong and alone.”

Some value managers lost their jobs — perhaps most famously Tony Dye, who refused to hold US equities in 1999 because they were so overvalued.

He was fired from his job heading Phillips & Drew Fund Management in early March 2000, just as he was about to be proved right.

Englund