The Bulls Are “Out of Shape!”

I enjoy exercising. I don’t see it as “work,” so much as a healthy release of pent-up energy, which I tend to acquire after sitting many hours at my desk.

Of course, like everybody, I’m not able to exercise every single day. And I’m not even sure that would be healthy. You can’t “be on” 100% of the time.

But like many things, I’ve learned there’s an important difference between a little rest… and too much rest. A two-day rest period allows for muscle repair and growth. A two-week rest period can lead to muscle deterioration (It’s a death sentence to motivation, too!).

I guess it’s the idea that “the dose makes the poison.”

Pondering this, I recently wondered the effect of “rest periods” during bull markets.

I think most reasonable investors understand that bull markets