Back in the skepticism phase – hence bull is intact
“Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria.”
— Sir John Templeton
THAT is one of the Templeton founder’s timeless quotes which investors continue to use today as a guide for the market’s direction.
With global markets back to terrorising investors this week, perhaps it’s time to head back to our basic stance – which investment phase are we in right now, with regard to Sir John Templeton’s investment cycle?
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