theres gotta be a phrase for this.....
2006-11-21 15:19:38 · 3 answers · asked by bush-deathgrip 1 in Business & Finance ➔ Investing
"A bull market makes every investor seem a genius"
2006-11-21 21:49:00 · answer #1 · answered by cordefr 7 · 0⤊ 0⤋
I think it's called a "guru mentality". Yes, when your stocks are doing well, you naturally think you're a genius. During a bull market, 75% of all stocks rise regardless of how good/bad they are, thus you have a 3 in 4 chance of picking a winner and with those kinds of odds, there is a propensity for people to feel like "gurus". But the real test of how good they are comes when the markets turn. During a bear market 75% of all issues will fall regardless of how good/bad the company is. It is during these times that the majority of "gurus" learn the hard lessons.
2006-11-23 14:15:58 · answer #2 · answered by 4XTrader 5 · 0⤊ 0⤋
From what I understand, it is just a false sense of security (false confidence).
2006-11-22 02:27:30 · answer #3 · answered by MadMoney 2 · 0⤊ 0⤋