All Time Lies

Our intuition leads us to believe that markets are subject to the rules of gravity – what goes up must come down. But, in reality, markets are the summation of American businesses, businesses that measure their results regularly and are striving to outdo last month’s, last quarter’s, last year’s results. Great companies thrive, struggling companies lay by the wayside, and the aggregate tenacity and industriousness of the US market continue to improve AND set new all-time highs. All-time highs are the rule, not the exception; the expectation, not the hope.  This week's TOM takes on the age-old question..." should I invest during all-time highs?"  Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com