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Recency Bias. It affects us all, particularly in investing. It’s the observation that we tend to give recent information greater weight than the long-term evidence warrants. And it’s certainly rearing its ugly head these days. We hit a peak last January and have been just meandering since. And the world is ending, or so you’d think. The four most dangerous words in investing are bubbling to the surface. This time it’s different. That’s what a sixteen-month span of not seeing any growth will do. Look below. Does it look any different? Nope. The market goes up, meanders, goes up, meanders…wash, …