In A Bull Market Every Buyer Is A Genius (Really?)
All Major Bull Markets End In The Same Way
I'm
concerned. Why? Well, I'm old enough to have seen these kind of Bull
Markets several time during my life span and, the mass of new investors
are too young and inexperienced to realize that Market History Repeats.
It's
been proven historically, that every generation that gets into a Bull
Market comes to the conclusion that 'investing is easy' or that they're a
'genius' when it comes to investing.
It
would be a mistake to assume that a rising market that produces profits
every day is somehow related to one's intelligence, when, the reality
is that they've hopped onto an express train that's roaring in the
direction of a missing bridge across the Canyon.
The Truth is that markets go down and markets go up. They oscillate.
That being the case, what goes up WILL come down eventually, and, almost no traders alive today are equipped to detect when the end of a bull market has arrived.
The general pattern for all bull markets is recognizable.
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