Our ignorance of history makes us libel our own times. People have always been like this – Gustave Flaubert
History is a vast early warning system. – Norman Cousins
Fell like staying in stock because of history… then this interview on the Wall Street Reporter from Dec 2007 is worth a listen : Anatomy of a Bear
Interview with Russell Napier, who looked at leading Financial journals going back to the 1920’s to discern patterns in finding the bottom of Bear markets. After the initial few minutes of intro you’ll find some of the easiest to understand and useful information for Long Term investors and those soon to retire as well.
A. Bear Markets last for decades and Buy and Hold is bunk.
B. All Bear Markets are marked by runs and falls with Stocks under-performing overall; i.e. traders market.