This is why the current market is scary; the next bear market is going to hurt. Badly.
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From http://www.wsj.com/articles/how-to-prepare-for-a-bear-market-in-stocks-1425870192 [/caption]
“In the long run we know the market tends to bounce back, but our financial lives are a series of short terms inside one long term.”
The difficulty of course is predicting exactly when a bear market is going rear its ugly head. A balanced portfolio might not be sexy, but it's safer in the long run. Something to bear in mind as the market continues to go up.
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From http://www.wsj.com/articles/why-bear-markets-are-inevitable-1423838987 [/caption]
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