You'll notice that when averages approach new records -- like now -- you see absolutely no celebration on IHUB. Penny addicts lose money in good markets and bad. Their incessant stock flipping is utterly destructive. Not to mention tax-inefficient.
On the negative side, I always worry when the NASDAQ soars, suggesting excessive speculation. Buffett's call in 2018 on AAPL looks brilliant... for now.
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Because the Good Life is Just a Pump or Two Away