The Keys in Investing in the Crisis

In 1975, probably 42 years ago, I learned one of the greatest lessons. There are three stages to a bull market. The first stage when a few bright people believed that there could be improvement. The second stage when most people understand that things are actually getting better. And the third stage when every idiot believes that things can only get better forever. So where are we today? It's February 2017. Most things will prove to be cyclical rule number two. Some of the greatest opportunities for gain and loss come when other people forget rule number one. Emotion is a great enemy of all investors. People are willing to take risk because my late father-in-law would call them hand