Reflecting on a widely panned contrarian stock market call from 2011🔮

Plus a charted review of the macro crosscurrents 🔀

📉The stock market fell last week, with the S&P 500 shedding 2.1% to end at 6,368.85. The index is now down 8.7% from its Jan. 27 closing high of 6,978.60 and down 7.0% year-to-date. For more on the stock market, read: If you think things are bad now, just keep in mind that they could get much worse 📉

-
In fall 2011, global stock markets tumbled amid inc…