Equities

Peter Lynch described the five stages of the market by relating it to a cocktail party at different times during a market cycle. 

When I moved to Florida in 2005, the real estate market was hot, sizzling hot.  We sold our Harrisburg PA home for a tidy profit, but the purchase of the new house in Jacksonville caused us to pay up.  It was at the height of the real estate boom.  Ouch!