Blessed by Misfortune

by Bill Bonner
Daily Reckoning

It’s still way too early to know if the bull market trend of the last seven years has run its course. Mr. Market may be exhausted from all this running uphill. Or he may be just toying with us. We will wait to see.

When prices go in your direction, you’re asking for trouble. No need to think; you know it all already. No need to worry, either; just sit back and let the money come to you. Until it doesn’t.

You are much better off when the financial news goes against you. Then you have to wonder about your premises, your emotions — and your sanity.

Hardly a day goes by that we don’t thank our lucky stars.

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