Bubbles don’t mean anything. We had an internet bubble in the 90s. Then a housing bubble. Bubbles bubbles bubbles. And if you just held through all of that, your stock portfolio would have been at an all time high last Friday.
So ignore cycles and bubbles and
ups and downs.
And NEVER EVER read the news. The news has no idea about the financial world and what makes it tick. Any investing off the news is like taking out your eyes because you trust a blind person to drive you to work.
Wise words from an investor who’s as successful as he is unsuccessful — James Altucher.