by John Rubino
Dollar Collapse
Stock market volatility has become ridiculous …
[…] … which is exactly what we should expect at this point in the cycle.
The longer a bull market lasts, the larger two groups of traders become:
BTFD
First and initially most numerous are the buy-the-dip traders who have spent their entire investing lifetimes in a market that always recovers. Buying every drop has, as a result, produced massive and consistent gains. A case in point is Apple, which is one of the great investments of all time, but sometimes also one of the scariest. In late 2018 it fell by 29%, and in early 2020 it fell by 46%.