Mr Treacy mention on the big picture/long term view today that we are in the mania stage of the markets.
I would be grateful Mr Treacy could describe some past mania markets and how they played out - e.g. how long did they run for and what set of circumstances precipitated the turning point to the downside.
Thank you for this question which may be of interest to the Collective. The third psychological perception stage of a bull market is mania. It’s when the risk is greatest but it is also when it is easiest to make money from simply being long.Click HERE to subscribe to Fuller Treacy Money Back to top