This portrait of the S&P 500 since the secular bear began 14-l-o-n-g years ago, should strike fear into the hearts of permabulls–but most will choose to ignore the obvious. It should also offer a sense of incredible opportunity for those who are prepared and structured with the flexibility to protect now and buy later. Unfortunately, most have no risk management system or rules to do so however, which means the down cycle will be devastating for most participants once more.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
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