I wish I had a crystal ball and can gaze into it and answer precisely how long bull markets will last. We are in the midst of one of those very strong bull markets and usually these tend to last longer than people expect. These kind of markets tend to digest bad news in their stride and after brief corrections, tend to go up.
Having said that, as mentioned earlier also I think we are in the frothy phase of markets. But in the last parabolic phase of markets if one gets into the right kind of stocks and gets out in time, a lot of money can be made.
Personally I have found that being company and stock specific has worked for me very well over the last few years, and hence I try not to speculate too much about where markets are headed…
At some point the big bad correction will come, but I would love to face correction when my portfolio NAV is say for example 150 rather than 100… Idea should be to make the most of bull markets and be ready to give up some gains during bear markets. Try to be approximately right than precisely wrong.
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