Well you should never be in a position to fight a market, provided you use stop loss orders and swing positions when they get taken out... then all of this talk is just for social purposes.
The other issue, which the US is just starting to prove once again is that you don't get big back to back bull markets (such as what Australia has just had and the US in the 1990's) and as we see, it took the US about 7-8yrs to find its highs again and thats not even another bull market.
If you want a 20yr bull market, then you have to have huge period of base building, which is what the 1966-1982 period was and what has been burnt up now.
Most market participants today only know of a market that corrects and goes right back up again, its going to be a hard truth to know that this is only one side of a markets face.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |