Investing When the Worlds Gone Crazy
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Not immediately, but at the margin, credit and stocks begin to be exchanged for figurative and sometimes literal money in a mattress. A rational investor must indeed have a sense of an ending, not another Lehman crash, but a crush of perpetual bull market enthusiasm…. As it is, in , I merely have a sense of an ending, a secular bull market ending with a whimper, not a bang. But if so, like death, only the timing is in doubt. Because of this sense, however, I have unrest, increasingly a great unrest. You should as well. Should you be worried? Watch our latest Investing Show for a discussion of the risks for investors.
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