Mastering the Market Cycle

My second book is mastering the market cycle, getting the odds on your side. I prefer the old school definition of a bear market, nerve racking excesses and corrections. In a bull market, favorable developments lead to price rises and lift investor psychology. Aggressive behavior leads to higher prices. Rising prices encourage rosier psychology and further risk taking. This upward spiral is the essence of a bull market. When it's under way, it feels unstoppable. We saw a number of excesses to the upside in 20 20 to 21, and now we're seeing corrections.