According to Martin Pring, author of Investing in the Second Lost Decade, January 2000 through December 2009 was one of the worst investment periods in history for stocks. To make matters worse, Pring maintains, we’re in for another lost decade. But, don’t despair. By understanding business cycles, you can earn steady profits despite disappointing market returns.
“Even during long-term bear markets . . . there are brief periods when stocks rise. And if you can anticipate when markets are going to fall again, you can take measures to protect whatever gains you haveand to keep your losses to a minimum.” –The New York Times