From The Pragmatic Capitalist:
Secular bear markets have a way of fooling investors at every twist and turn.
Just when you think recovery is around the corner everything seems to change on a dime and the bear sinks its claws back in. But what rarely changes throughout time is psychology in regards to bubbles. We’ve discussed the dynamics of bubbles in past articles and this instance is unlikely to be all that different.
Time after time we see the same sentiment and the same fundamental mechanics at work. In each case, we see...
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More on bubbles:
George Soros: Gold is the ultimate asset bubble
Legendary trader Gartman has no doubt gold is in a bubble
Doug Casey: China bubble is "going to burst, and it's going to be a disaster"
