Bull Markets

"BULL-MARKETS ARE BORN ON PESSIMISM, GROW ON SKEPTICISM, MATURE ON OPTIMISM AND DIE ON EUPHORIA." - JOHN TEMPLETON A BULL MARKET IS A PERIOD OF TIME IN FINANCIAL MARKETS WHEN PRICES RISE CONTINUOUSLY. BULL MARKETS ARE CHARACTERIZED BY OPTIMISM, INVESTOR CONFIDENCE, AND EXPECTATIONS THAT STRONG RESULTS SHOULD CONTINUE FOR AN EXTENDED PERIOD OF TIME. IT IS DIFFICULT TO PREDICT CONSISTENTLY WHEN THE TRENDS IN THE MARKET MIGHT CHANGE PARTLY BECAUSE PSYCHOLOGICAL EFFECTS AND SPECULATION MAY SOMETIMES PLAY A LARGE ROLE IN THE MARKETS. THIS IS A TIME FOR GREAT PROFITS BUT AT THE SAME TIME SHOULD BE HANDLED WITH GREAT CAUTION AS NOT TO CHASE THE BULL.