Phrase from Sir John Templeton

I learnt a phrase today...(by Sir John Templeton)

"Bull markets are born on pessimism, grow on scepticism, mature on optimism, and die on euphoria."

* The bull market should have started as most people are already not so pessimistic compared to 1 year ago.
* Though not pessimistic, we are still sceptical if the bull will continue.
* If the Bull really continues, we will get optimistic and gain a lot more confidence
* However, when over confidence steps in, the bull will die and the bear comes back...

This is history and I'm happy that there are still scepticism in the market which means more upside potential for equities. Hope history repeat itself this time round...