Registered: 1156877376 Posts: 2,185
Reply with quote #1
He makes the intereting point that in most bull markets the beginning and the end of the rally is where the serious appreciation occurs---in the middle of the bull market prices are closer to being flat.
And he argues that a "normal" appreciation for this stage of a bull market is over 20%. What are you seeing? Stock market isn't an area of expertise for me.
Registered: 1232848270 Posts: 452
Reply with quote #2
I would always take what a guy like Ken Fisher says with a grain of salt since he runs a financial firm that relies on people buying investments from him that are predicated on the stock market going up. Would Ken Fisher ever say sell all your stocks the market is likely to have a negative return the next 10 yrs??? How would that be for his business and commissions?? Not like I am making a prediction, I have no clue what stocks will do in the next 4 yrs.
Whenever you read someones opinion, forecasts, recommendations.....always good to look at how they gain financially from those opinion, forecasts, recommendations? Reminds of a great quote by Upton Sinclair: "It's difficult to get a man to understand something when his salary depends on him NOT understanding it"
Registered: 1168046201 Posts: 615
Reply with quote #3
Ken Fisher never saw a market he wasn't bullish on. During the last stock bubble a few weeks before the bubble crashed he was predicting the dow would go on to 30000 or something like that. We all know what happened a few weeks later.