Market: Elevator Action

Most of the upside opportunities are linear—if the last two to three years of bubblemania starts to unwind, the good opportunities will be to the downside. It’s been easy for far too long, and this stock market has made a lot of dumb people rich.

I like to say that the definition of a bubble is when people are making money all out of proportion to their intelligence or work ethic.

We are there.

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Disclaimer: The Mauldin Economics website, Yield Shark, Thoughts from the Frontline, Patrick Cox’s Tech Digest, Outside the Box, Over My Shoulder, World Money Analyst, Street Freak, Just One ...

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