When Bull Market Psychology Is in Affluent

Bull market psychology isn't a positive. It connotes carefree behavior and a high level of risk tolerance. Investors should find it worrisome, not encouraging. Bull markets don't arise out of thin air. Winners in each bull market are winners for the simple reason that a grain of truth underlies their gains. The bullishness i've just described tends to exaggerate the merits and pushes security prices to levels that are excessive and thus vulnerable. And the upward swing doesn't last forever. In on the couch, january 20, sixteenth, i wrote, in the real world, things generally fluctuate between pretty good and not so hot. But in the world of investing, perception often swings