As of this writing, the US stock markets are undergoing a correction (-10.3% off their recent high). If you're a fan of the markets, I'd like to ask this question. Look at this chart and answer this question: Are we in the Bull Trap over have we gone through Despair and are at Return to the Mean?
My answer is, "I don't know". I think markets are peaking when un-involved people in my orbit start talking about them and I'll use 2006-2007 real estate markets as an example. Many people were talking about flipping houses as a sure-fire way to riches. Oops.
So, again, where are we?
No comments:
Post a Comment