easy · Volume Spread Analysis effort-vs-result-spread

In a 'Market Rotation,' why do bull markets often last longer than expected?

  1. Companies quietly start buying back their own shares on unusually low trading volume
  2. Retail traders eventually stop selling their losing positions and become committed long-term holders
  3. The government reduces the trading tax applied on high-volume days, encouraging speculative activity
  4. Professionals move from sector to sector, keeping the index afloat as different stocks top out

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