“It’s Different This Time”
February 23, 2009 at 12:34 PM EST
Perhaps this is one of the most dangerous utterances in the history of investing—one that seems to routinely presage a major reversal in market direction. Analysts always want to find a reason to justify a particular market condition—either bearish or bullish—with the oft discredited caveat, “it’s different this time.” In the late 1990’s, with stock market [...]