John Authers, Columnist

A Self-Described Uber-Bear Takes a Victory Lap

Albert Edwards of Societe Generale points out that he has been right to be underweight stocks since 1996.

March 29, 2019 at 4:00 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

The bear isn’t going anywhere.
Photographer: Hulton Archive/Getty Images

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Albert Edwards, investment strategist at Societe Generale, has famously been recommending an underweight position in equities since 1996. Many now call him a permabear. In his regular letter to investors this week, he objected to the term.