The Three Stages of the Bull Market

Howard Kurtz: This progression from too optimistic to too pessimistic, you have to always bear in mind. It's extremely important to know which of the stages we're in and when the stage is erroneous. That's the time to buy because security prices are low given the dearth of optimism. And really if you think about it, that's what this podcast is about. You have to diverge at the right time.