Lions and Wildebeests: Excellent commentary from Jeb Terry

Our friend Jeb Terry of Aberdeen Investment Management has just published an excellent examination of the current fear-ravaged market entitled "The Wildebeests are running . . . Be a Lion!" It should be required weekend reading for all investors to provide some perspective on the current situation.

His arguments, backed up with extensive data, provide further support for some of the things that we wrote yesterday in the post entitled "Don't Panic (August 2011 edition)." We believe investors should consider all these arguments very carefully.