The U.S. stock market is a joke. I don’t necessarily mean this in a bad way, as I own a fair number of individual stocks found inside of it. But it simply lacks the seriousness that one would expect from the world’s largest stock market in the world’s largest economy. It is difficult to place your unwavering trust in a market that rises relentlessly when it reasonably should not and stubbornly refuses to fall when it reasonably should. And if recent history since the start of the financial crisis is any guide, the latest joke could end up being on stock investors once the calendar flips to April.
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