Mar 2016
Especially over a period of several months or less, stock market moves simply don’t tell us much. They can, however, provide us opportunities. Indeed, I recently read an interesting comment about market cycles: ‘Every past bear market is viewed by investors as an opportunity, yet every future bear market is viewed as a risk.’ I don’t know who wrote this, but I think the author hit the nail on the head. With the benefit of hindsight, almost everyone realizes that great opportunities were created in the last bear market.