2007-11-28

The 5 Year Bull Market Myth!(1)

If you like to read about the stock market you may have seen some recent articles about the so-called bull market we have experienced over the last 5 years.

One of the problems with looking at the market with such a short term view is we fail to see the whole picture.


I liken it to the horse wearing blinders effect.

Not that I get out to the horse races much but if you have ever been to one you will notice that they put these things called blinders on the horse's eyes so they will not get distracted during the race.

Sometime our gut reactions as humans make us act just like those horses wearing blinders and we tend to see only what has happened lately.

This is exactly the case of the mythical 5 year bull market and this phenomenon can be very dangerous to the novice as well as the experienced investor. .




By Antonio Filippone

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