Lesson Learned?
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by Bob Veres with Inside Information
Investors who reacted emotionally to market movements have been humbled yet again. When U.S. stocks (measured by the S&P 500 index) fell 13.97% in last year’s fourth quarter, most of us felt in our gut like the market was in the midst of a major bear market collapse. The downturn would continue into the new year, and take some or (worst case scenario) all of the 9+ year bull market profits with it.