If that's your comment, perhaps you've forgotten the oil crisis that we experienced in 1978 and 1979 here in the United States. Perhaps you weren't lined up at the pump trying to buy a few gallons of gas for your car. In those dire days, the experts were predicting that the real crunch was yet to occur. In the early '80s, a very knowledgeable oil geologist friend of mine told me the oil industry had projected 1985 to be the crisis year of short supply and high prices. The principles of contrary opinion are equally applicable to the stock and futures markets, real estate, the economy, inflation and similar financial activities.
History is strewn with numerous examples of situations where a contrary opinion was profitable.
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