O'Reilly logo

The 17.6 Year Stock Market Cycle: Connecting the Panics of 1929, 1987, 2000 and 2007 by Kerry Balenthiran

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 3: Business Cycles — A Modern Psychological Perspective

You make most of your money in a bear market, you just don’t realize it at the time.

Shelby Cullom Davis

The above quote from Shelby Cullom Davis is worth remembering, as bear markets inevitably lead to investors losing faith with the stock market. As stock market prices stagnate, however, quality stocks become better value as gradually improving company earnings, arising from a steady improvement in trade and employment, are not fully reflected in equity prices. For long-term investors, providing that they have cash to put to work, the ability to buy good quality stocks cheaply ahead of a new bull market is a twice in a lifetime opportunity.

The lower the price initially paid, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required