Investors hold to a myriad of catchphrases, proverbs and beliefs about everything from the traditional Santa Claus Rally to buying when there’s blood in the street… or passing up on immediate investments into any country that builds the world’s tallest building.
Admittedly, there is some truth in that last one – at least in the short term – but it doesn’t necessarily hold for the long haul. If it did, the United States stock market would have peaked decades ago.
Of course, the U.S. hasn’t held that claim to fame for some time. And on January 4, 2010, Dubai officially opened its 160-story Burg Khalifa, stealing thunder from the previous tallest building in Taiwan.
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