The Hubris Of The Bulls

By |2013-05-20T08:07:46-04:00May 19th, 2013|Markets|

Pride goeth before destruction, and an haughty spirit before a fall. Proverbs 16:18 I spend a good portion of my time trying to figure out the mood of the market. That isn't just so I can bet against it although that is the proper strategy at times. John Maynard Keynes likened the fluctuation of stock prices to a beauty contest [...]