It’s easy to get caught up in complacency when conditions are good, the sun is shining and the market is rising without interruption. But, as we know intuitively (but often still forget), such parabolic conditions aren’t realistic or even desirable. In theory, markets that moved upward without any risk of an occasional downward slide would eventually become prohibitively expensive as discounts would be wrung out of the system and create a market situation far more fragile than one with a healthy balance that reacts, digests/disregards and interprets news as it occurs. Good or bad, this is the essence of how markets have operated over the course of the last few centuries.[…] Click here to view the full article Source: LSA Connect October 11, 2018