Investing Mantra's - Stock
The Bull Markets had 5 Number
of Well-Defined Characteristics
"Nearly all the bull markets had a number of well-defined characteristics in common, like
(1) a historically high price level,
(2) high price / earnings
ratios
(3) low dividend yields as against bond yields
(4) much speculation on margin and
(5) many offerings of
new common-stock issues of poor quality."
Mr. Benjamin Graham
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