It may be true that history repeats itself, but future versions tend to get better at disguising themselves from their predecessors. At Propel, we’ve been through the ups and downs of the market roller coaster quite a few times. For that reason, we are good at maintaining a level head when the markets seem awful, but we also know to be skeptical when markets seem too good to be true. Our job is to hang out somewhere in the middle, not overreacting one way or the other. The purpose of this blogpost is two-fold: 1) to remind our more experienced clients of the similarities and differences between the current environment and market cycles of yesteryear, and 2) to cultivate our newer investor generation’s critical eye toward market behavior.