Investor Psychology When Bull Markets Take Hold
In the world of investing, there are few phrases as exhilarating as "bull market". These words conjure images of an economy burgeoning with opportunity, a period when stock prices are on a steady upward trend, promising lucrative returns to those invested. And yet, an intriguing anomaly persists: many investors remain decidedly pessimistic, even in the midst of a bull market.
To the uninitiated, this might appear counterintuitive. After all, isn't a bull market the perfect time to maximize profits and cultivate one's portfolio? While this is true in principle, the realities of investor psychology often paint a more complex picture.