Bull Market vs. Bubble vs. Muddle

Bull Market–An asset class that has experienced considerable appreciation in which you currently have a significant investment.

Bubble–An asset class that has experienced considerable appreciation in which you currently have no investment.

–David B. Collum, 2010 Year in Review: Fugly Gives Way to Muddling

2006 U.S. Army Year in Review
Creative Commons License photo credit: familymwr

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