Bull Markets vs. Bear Markets

As markets fall or rise many investors are likely beginning to question their own intelligence just as people in 2013-14 were feeling pretty good about how brilliant they were in a rising market. Along these same lines, here’s a quick comparison of some of the different feelings and perspectives investors have depending on which kind of market we happen to be in:

Bull Markets: Fear of missing out.

Bear Markets: Fear of being in.

Bull Markets: Everything I buy is going up — I’m a genius.

Bear Markets: Everything I buy is going down — I’m an idiot.

Bull Markets: See, fundamentals always win out.

Bear Markets: See, technicals and sentiment rule the markets.

Bull Markets: I knew I should have had more of my portfolio in stocks.

Bear Markets: I knew I should have had more of my portfolio in bonds.

Bull Markets: That guy’s been calling for a crash for years — he’s an idiot.

Bear Markets: That guy just called the crash — he’s a genius.

Bull Markets: I want to be a long-term buy and hold investor.

Bear Markets: I want to be a short-term trader.

Bull Markets: I’m glad I was buying during the last market crash.

Bear Markets: Never try to catch a falling knife.

Bull Markets: I’ll sit tight when the market falls.

Bear Markets: Dear Lord, get me out of stocks NOW!

Bull Markets: Time to buy stocks?

Bear Markets: Time to sell stocks?

Bull Markets: Warren Buffett is washed up.

Bear Markets: Wait, Buffett is buying here?

Bull Markets: Buy & hold works.

Bear Markets: Buy & hold is dead.

Bull Markets: I’ll be greedy when other are fearful.

Bear Markets: I lied — I’m fearful when other are fearful.

Bull Markets: Buy the dip.

Bear Markets: Sell the rip.

Bull Markets: Why didn’t I invest earlier in my life?

Bear Markets: I’ll never invest again.

Bull Markets: Why would I want to diversify?

Bear Markets: Why was I so concentrated?

Bull Markets: I’m just waiting for a healthy correction to put more money to work.

Bear Markets: This market action is not healthy at all.

Bull Markets: Don’t worry, we’ll outperform during the next downturn.

Bear Markets: Don’t worry, we’ll outperform when the market turns around.

Bull Markets: It feels like markets will never fall again.

Bear Markets: It feels like markets will never rise again.