January 9, 2018

Bull markets in final stages ?

To me, based on my experience during the last decade, "Bull markets are born on the largesse of central bankers, grown on the popularity of ETFs, mature on fanatical speculation (in cryptocurrencies) and in corporate tax reductions and die on the fear of missing out."

As my good pal Lee Cooperman is fond of saying -- in quoting Sir John Templeton --  " Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria."

via twitter