It’s time to take a step back, says a new equities research report from Macquarie Research. Don’t get hung up on the short term market gyrations, despite their historic nature. Don’t be scared by volatility that has in the past preceded more major stock market declines. Compare the long-term nature of the market cycles and understand the circumstances under which bull markets end and bear markets begin. It is with this understanding that long-term investors might then do well to get worried.
Understand when secular bull and bear markets start, then compare...
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