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Daily Archives: August 21, 2018
Different cycles, similar behaviors, similar outcomes
Rising asset prices paper over problems and can make fools and fraudsters look savvy for a while. But they never were investors, just gamblers banking on blind luck to continue. Classic money behaviors are timeless and repeatedly end the same … Continue reading
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The longest bull market in history. What’s next?
Tomorrow the S&P 500 will celebrate 3452 days or 115 months since its bear market low of 676 on March 9, 2009–officially now the longest expansion since 1900. This table from Leuthold Group summarizes all the expansion cycles since 1900 … Continue reading
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