In the last legs of the bull run usually we see following happen:
The stocks rise parabolically,
Those sitting on sidelines & with cash feel stupid & curse themselves,
The number of IPOs shots up & oversubscription is thru the roofs,
PE re-rating happens across the board,
Market participants feel FOMO (Fear Of Missing Out) on hot stocks which keep rising despite any news,
People sell land, real estate, break FDs, beg & borrow money to enter the markets,
Making money from stock market seems the easiest way out there.
Smart people know when to push the accelerator & when to put the brakes on…
Enjoy the bull run!
