Depending on who you speak to the stock market, at times, can be a wonderfully efficient and rational market, or it can be a terribly confusing and irrational landscape filled with gamblers and speculators.

While we do not like to cast such definitive judgements on market cycles, we do find it helpful to study market history to see if we can draw any parallels to help make a more informed decision as we attempt to find the best places to invest our investor’s capital.