The current bull market, now almost 10 years old, is the longest on record. And it has attained that rich status by rebounding from numerous plunges.
We’ve become so accustomed to its high-wire act that every selloff triggers a reflexive “buy-the-dip” reaction among enough traders to make a recovery reality.
But this time, I fear, the bull may finally be on its last legs – and it could be time for the matador to administer the coup de grace. Even if we do get a snap-back rally from this plunge, it may well be short-lived, eventually succumbing to a bear market, which is a drop of 20% or more.
What’s different this time? And more important: What should you, the investor, do?
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