On the other hand, while retail traders are chasing the bubble, professional traders are looking for real opportunities. I think I can say without any hesitation, real opportunity is not going to be found in the stock market after a five year bull run.
Opportunities are found at bear market bottoms. For those emotionally capable of going against the herd, buying a bear market bottom is where the really big money is made.
As a matter of fact if one can buy into a bear market bottom the initial surge will often yield a 40%-100% gain in just the first few months. These kinds of gains certainly make it worth the frustration and whipsaws that are almost always incurred trying to pick a final bottom.
Commentary: Are we nearing a bottom in the gold market? As this article explains, the stock market is entering the 5th year of a bull run that started in roughly March 2009. Much of these gains though were realized because of massive money printing.
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