Interesting, but somewhat, old market talk.
This study has an unusual origin, one that underscores just how little is really known about abrupt market swings and their effects on a portfolio's performance.
This can be overcome, it's called educating investors.
To measure the effect of those swings, we looked at two time periods -- 1926-1993 and 1963-1993.
Wrong period. Try 2000 to the present!
2 cents worth, IMHO!Spaf



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