When a bull market is just getting started, most people underestimate how much the market can still rise next.
That’s not surprising. After going through a long period of sluggish decline, the brain is still stuck in the mindset of “a rebound is an escape opportunity.” When prices start moving up, the first reaction is doubt—not participation.
But that’s how the market works: the skeptical sentiment in the bottom range is exactly what powers the big move ahead. By the time everyone has figured out “this is a bull market,” the price is already far from where it is now.
So don’t make bull-market decisions with a bear-market mindset. The real risk isn’t buying at the top—it’s being frightened by the shadows of the past at the starting point and standing still.
That’s not surprising. After going through a long period of sluggish decline, the brain is still stuck in the mindset of “a rebound is an escape opportunity.” When prices start moving up, the first reaction is doubt—not participation.
But that’s how the market works: the skeptical sentiment in the bottom range is exactly what powers the big move ahead. By the time everyone has figured out “this is a bull market,” the price is already far from where it is now.
So don’t make bull-market decisions with a bear-market mindset. The real risk isn’t buying at the top—it’s being frightened by the shadows of the past at the starting point and standing still.