Don’t confuse brains with a bull market
$S&P 500 Index(.SPX.US$ There’s a saying on Wall Street: Don’t confuse brains with a bull market.
After all, when most stocks are gaining day after day, it’s easy to look smart. Indeed, the market has been in bull mode for so much of the last decade-plus, it's hard to remember what challenging investing looks like.
Technical analysts differ on the definition of a bull market, but by one measure the S&P 500 confirmed it's in a bull on Aug. 18, 2020, when it closed above its previous all-time high recorded earlier in the year, on Feb. 19.
The S&P 500's longest bull market in history began in March 2009 and ended abruptly in March 2020, clobbered by coronavirus fears. The ensuing bear market cut fast and deep, but bottomed out in late March. About a month after its nadir, the market returned to bull-market territory and just kept chugging along.
Justified or not, those of us who have stuck around in stocks are probably feeling pretty brainy these days.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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styleomileo : How to differentiate between trading (which is essentially gambling) versus investing?
Know this from Warren Buffett : When the tide recedes, you will know who is not wearing swimming trunks.
If you are trading /gambling, you cannot withstand the tide changes whilst for investor, you withstand any changes and reap long term gains and dividends of your investment decisions.
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