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Lance Roberts

Lance Roberts is a Chief Portfolio Strategist/Economist for Clarity Financial. He is also the host of “The Lance Roberts Show” and Chief Editor of the “Real Investment Advice” website and author of “Real Investment Daily” blog and “Real Investment Report“. Follow Lance on Facebook, Twitter and LinkedIn.
There currently seems to be a very high level of complacency that the economy will continue its current cycle indefinitely. It is just our human nature.
What gets lost during these bullish cycles, and is found in the most brutal of fashions, is the devastation caused to financial wealth during the inevitable decline.
The rally from the December lows has been impressive. However, investors shouldn't try to extrapolate a deeply oversold bounce into something more than it is.
Books have been an enduring primary indulgence. Written words remain one of life’s greatest gifts.
While the market is indeed working off a very oversold condition, it is most likely not the resumption of the previous “bull market” yet.
The reality is that we can not predict the future. If it was actually possible, fortune tellers would all win the lottery. They don’t, we can’t, and we aren’t going to try.