Four Stages of Secular Bear Markets

According to an analysis of the last 19 bear markets (globally) done by the guys at Morgan Stanley Europe, we are getting ready for a considerable correction. That will then be followed by a lengthy period of ups and downs with a flat trend line. It has been a nice run supported by the fear of "missing out" (a.k.a. desperate optimism) and better looking bottom lines due to cost cutting. Now that the upside of this wild roller coaster is starting to slow it is important that investors realize one thing: it is never to late to reduce your risk exposure.

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