No. of Recommendations: 5
Then you have Pavlovian conditioning. As the US pushes further and further into uncharted deficient territory, everyone knows the authorities will basically do whatever it takes to prevent the wheels coming off.
"Late-stage bull market fever: Once a bull market gets under way, and once you reach the point where everybody has made money no matter what system he or she followed, a crowd is attracted into the game that is responding not to interest rates and profits but simply to the fact that it seems a mistake to be out of stocks. Like Pavlov's dog, these "investors" learn that when the bell rings - in this case, the one that opens the New York Stock Exchange at 9:30 a.m. - they get fed."----Warren Buffett, Sun Valley 1999
