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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (11984)12/4/1999 5:16:00 PM
From: mauser96  Read Replies (1) of 54805
 
Yeah, but I remember the 1970's. There have been long periods of years where the market made little progress. In fact, there is a mirroring of forces in the short and long term. If you miss the best dozen or so days a year, you miss much of that years gain. Over the longer term, if you miss a few great market years, you miss much of the gain. Of course this is the best argument for long term investing, but the converse holds true also. Sufficiently bad luck and/or timing can land you in a long fallow period.The long term forces are more predictable since IMHO the great bull market clusters(secular bulls)have been due to technological revolutions which play out over several years. We are now in the third one of this century. When it's over it may be a generation until the next one.
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