Investments

Howard Marks discusses the importance of understanding the market pendulum in his seminal investment book "The Most Important Thing".

"Very early in my career, a veteran investor told me about the three stages of a bull market. Now I'll share them with you.

For months now, a lot of money has moved out of the equity markets into the bond markets at a huge rate.  Much of this has been driven by people's unrest with current economic events.