Asset prices bubbles follow a predictable trajectory, driven by investor psychology.
The final stage before the bursting is a Euphoric peak.
The financial advisors at New Harbor Financial think we're on our way to such a blow-off top, but we're not quite there yet. They expect the action to get even more manic before we do.
If Euphoria indeed arrives, prices will likely zoom to highs that just seem silly right now. Prepare yourself for this: you will not believe what your eyes are telling you.
But also prepare for this peak to be very short-lived. Be very cautious about getting sucked in, because the gains will likely evaporate quickly once the downcycle begins. This is why bubbles are so destructive to so many people -- especially those who go "all in" at the top.
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