Summary | Yes, it's dangerous to presume after stocks have
soared that some fundamental, historical shift has taken place
and that the market won't fall. But, even though it's wrong to
assert "it's different this time," it's just as important to
consider how some things have changed.
soared that some fundamental, historical shift has taken place
and that the market won't fall. But, even though it's wrong to
assert "it's different this time," it's just as important to
consider how some things have changed.
blogs.wsj.com | 11 May 2015