Let’s begin with the understanding that something delightful is taking place in the stock market. The S&P 500’s up 22.33 percent year to date. What’s more, the S&P 500 just hit a new nominal high of 1,745. Can you believe it?
There’s something magical about an extended bull market that can’t be matched elsewhere. The blotto of rising stock prices makes a man feel wiser, richer, and younger all at once. Suddenly, anything – and everything – is possible.
Under the enchantment of a bull market a man finds his bald spot’s no longer getting bigger. Instead, it’s getting smaller…along with his waist line. Conversely, his 401k statement’s no longer getting smaller. It’s getting bigger…along with his intelligence.
Upon opening his monthly portfolio statement, he’s greeted with the pleasing satisfaction of ballooning wealth. He fancies his shrewd investing acumen to be equal to Warren Buffett. Maybe even superior.
Without question, he’ll take credit for his good fortune. Continue reading







