The U.S. stock market has been growing for more than a decade. Is it due for a prolonged downturn? I won't speculate on that, but I will say that a lot of people seem to be falling prey to the Gambler's Fallacy when discussing the market today.
Fallacy: A false or mistaken idea (Merriam Webster)
The Gambler's Fallacy is what we call that gut feeling that tells you it's just time for a trend to reverse, even when there is no fundamental evidence to support it. One clear way to illustrate the Gambler's Fallacy is using a roulette wheel.
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