Thurs., Jun. 10, 1:00 PM - 1:20 PM EDT
Secular Bull Markets: Feel the Fear and Do It Anyway
Bull markets are born in pessimism, grow on skepticism, mature on optimism, and die on euphoria. We have often opined that in the long run the stock market is all about earnings. However, in the short run, the stock market is fear, hope, and greed, only loosely connected to the business cycle-and that is because people do not manage risk.