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The Most Annoying Bull Market of All-Time
There’s an old saying that bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. This description might need to be updated for the current moment: bull markets are born on pessimism, grow on skepticism, mature on optimism, annoy people on speculation and die on euphoria. For years this was described as the most hated bull market in history. And it probably was for a time. Wall Street wasn’t profiting like they usually do because so much money was flowing into index funds. And so many investors had their brains broken by the 2008 crash that every 10% price rise was ... (full story)