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Details: ht
There is a widely circulated view in the investment world: a true bull run does not end when people feel despair, but rather when the frenzy reaches its peak. This insight reveals the complexity of market psychology. When most investors fall into pessimism, it may well be a sign that the most frenzied market is about to arrive. The market often surprises at times when people least expect it. Therefore, we should not prematurely judge the end of a bull run, but closely follow changes in market sentiment. Only after experiencing the full psychological cycle from despair to frenzy can a bull run be considered truly complete. This reminds us that maintaining rationality and patience in investing is crucial, and we should not be swayed by short-term market emotions.