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2018/2019 Bear Market
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<blockquote data-quote="Days of Broken Arrows" data-source="post: 1231231" data-attributes="member: 4258"><p>One of the best-ever books on the stock market is Burton G. Malkiel's "A Random Walk Down Wall Street," which has been re-printed in eleven editions since it first came out in 1973.</p><p></p><p>In one chapter, he makes the point that the market always heads into a tailspin when interest rates are raised. He even links the big market crash of 1929 to this.</p><p></p><p>So the recent downturn isn't unexpected. And while it might hurt in the short term, it's likely a buying opportunity for the long-term. Because when you step back and look at a market chart for the past century, what you see is a rising market with the crashes look like blips.</p><p></p><p>The hard part will be finding where the bottom is and buying in then. We had a mini-pullback in Jan.-Feb. 2016, and I missed major buying opportunities. I'm gonna try to do better this time.</p></blockquote><p></p>
[QUOTE="Days of Broken Arrows, post: 1231231, member: 4258"] One of the best-ever books on the stock market is Burton G. Malkiel's "A Random Walk Down Wall Street," which has been re-printed in eleven editions since it first came out in 1973. In one chapter, he makes the point that the market always heads into a tailspin when interest rates are raised. He even links the big market crash of 1929 to this. So the recent downturn isn't unexpected. And while it might hurt in the short term, it's likely a buying opportunity for the long-term. Because when you step back and look at a market chart for the past century, what you see is a rising market with the crashes look like blips. The hard part will be finding where the bottom is and buying in then. We had a mini-pullback in Jan.-Feb. 2016, and I missed major buying opportunities. I'm gonna try to do better this time. [/QUOTE]
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