Six stages of a bull market—where are we in right now?
Stage 1: Don’t believe prices will rise
Stage 2: Believe there will still be a further drop before rising
Stage 3: Prices rise to the point of disbelief
Stage 4: Prices rise to the point of becoming believable
Stage 5: If it doesn’t rise, you don’t believe
Stage 6: You don’t believe it won’t rise
Stage 1: Don’t believe prices will rise
Stage 2: Believe there will still be a further drop before rising
Stage 3: Prices rise to the point of disbelief
Stage 4: Prices rise to the point of becoming believable
Stage 5: If it doesn’t rise, you don’t believe
Stage 6: You don’t believe it won’t rise