Who Is Off Sides Right Now?

Everyone is always a little bit wrong about anything. Our mental models are incomplete representations of the world. But, who is most wrong and whose wrong ideas are at an inflection point?

My opinion:

• Bets on interest rates to rise, especially people who were short Treasuries to hedge equity portfolios.
• Owning momentum garbage at high P/S ratios. The astonishing "No Exit" article in Wired (which is great evidence of the mimicry hypothesis of the business cycle) and the Candy Crush NYSE open marked the top of the revenue-lite tech bubble.
• Inflationists who were long silver. Take Pan American Silver, for example. They increased silver production in 2013 while reducing cash costs by 10% to under $11 per ounce.
• People who think Radio Shack can pivot to a profitable business model with this amount of debt, interest expense, and burn rate. 
• People who were long the biotech bubble.
• Complacency (not just bullishness) about China.