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An interesting graph of how the stock market started its downturn in January 2018, consonsant with my surprised impression that large numbers of respected market voices have been mulling, even predicting an imminent bear market for at least the past 12 months ...
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... and an interesting opinion:
You might be wondering why I think the stock market did turn down. Honestly, I don’t know, but as I said at the beginning of last year the high returns of recent years were unsustainable and likely to moderate in the coming years. The era of high and safe returns is over. So, why did stocks fall? Because in order for them to rise in the long-term sometimes they need to fall in the short-term. That’s just how this works and our political narratives rarely have much to do with how that all happens.
The source.
Le taureau est mort.
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