Mar 102010
Up. Down. Up. Down.
And we’re not just talking about the normal volatility that comes with risky assets. We’ve seen two giant bear markets followed by two giant up markets within the past decade alone.
Investors that bought and held for the upward ride during the 1980s and 1990s are now discovering the ride doesn’t last forever. Buy and hold has been a flat proposition over the past decade. Retail investors are officially spooked, and those that weren’t scared off by the tech wreck now have a huge hate-on for anything equities.
In a perverse contrarian sense, could this actually be bullish?
