Tyros and market idiots, of which there are an unlimited, replenishing number, always assert that this moment in market time is different than the past. In their view, stock prices can defy financial gravity and become unmoored from concrete facts and corporate earnings. The All-Too-Familiar Mass Delusions Mass delusions have played out during many market epochs, including the … [Read more...] about The Ever-Repeating Cycle of Market Delusions
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