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Friday October 20, 2017

Quote of the Day

"When I was a boy I was told that anybody could become President. Now I’m beginning to believe it." - Clarence Darrow

Richard's Thoughts On Third Phases & Where We Currently Stand

Richard's Comments


All great bull markets come in three psychological phases. The first phase is the accumulation phase, during which sophisticated and value-oriented investors pick up what is generally being ignored.


The second phase is the phase where the seasoned professionals and a few more sophisticated funds take their positions. It is in the second phase where we see the most painful secondary corrections, which are almost always mistakenly taken to be primary bear markets.