"BULL MARKETS ARE BORN ON PESSIMISM"Did you come across several media reports, individuals and others betting on the crash of US economy and how everything will collapse.
Here is a quote by Sir John Templeton - "bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria".
So one can understand with the growing amount of pessimism all around as to which phase of the bull market we are in - yes, just the beginning.
The S&P Real Estate weekly chart shows the impulse move up (through march 2020 to dec 2021) and a subsequent 70% retracement(through dec 2021-oct 2023) of the same.
The index has now just completed a complex triple three correction (WXYXZ) and is all set to move up from here.
The index could double from the current levels in the coming 2-3 years time.
Note*- this is not an investment advice, please do your own research before making any investment decisions.
