By Tim Staermose
Sovereign Man
Five full years on from the financial crisis, stock markets have regained lost ground and are within striking distance of new record highs.
Yet, it’s only NOW, after all the gains from the bottom have been made, that the investing crowd is starting to put money back into stocks.
Curious. When stocks were CHEAP, nobody wanted them. Now that they’ve breached record nominal highs again (Dow 14,000++), investors are piling back in.
It’s almost a cliche, but to make money investing, you generally have to buy something when nobody else wants it, and sell when everyone wants to buy.