Matt's Market Insights
There is a natural tendency to become more and more suspect of a bull market as its price levels and duration increase. We're now in the early stages of the 6th year of this bull market, a market which is already the fourth longest in nearly 100 years. Many tops have been called along the way but we have continued higher, either to the dismay of those watching or the delight of those participating.
I'm reminded of a lesson learned back in grade school that applies, but only in the lightest sense. In learning the basics about probability, we, like most others, studied the dynamics of a coin toss and the associated results. Most people will agree that the initial coin flip odds are 50/50. But a funny thing happened as people watched multiple flips of the coin ... they started basing their prediction for the next coin flip on the results ... Log in or subscribe to continue reading.
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