January 2010
Intermediate to advanced
336 pages
8h 28m
English
Rising equity markets make investing simple. Just buy it! “A rising tide lifts all boats.”
The 1980s and 1990s were such market periods. After more than a decade of upside-down moves in the 1960s and 1970s, the U.S. stock market finally bottomed out in August 1982 and began a long climb for almost 20 years. Although the rally was punctuated sometimes by dramatic losses, the market soon recovered and resumed the uptrend. Thus, from young people who had just started their careers to those approaching retirement, a generation of investors experienced little in the ways of truly volatile markets—that is, until 2000.
Volatility, with sharp moves up and down, was the norm, not the exception, ...
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