This “if you miss the ten best days” things is really infuriating to me. The ten best and ten worst days live in the same (cuss)ty neighborhood, usually during recessions and bear markets… the ten best days are often bear market rallies. Here’s a paper by a different author, Meb Faber, discussing this:
I have no connection to nor financial interest in New Harbor Financial or Meb Faber’s company, they are not compensating me in any way, shape, or form for this posting. I am considering joining New Harbor as a client in the distant future. No contracts signed.
I read this in his paper "Bear markets are common, and markets can and do decline from 50-100%. " Unless I am reading this incorrectly, a 100% decline is the market going to zero!! Obviously that doesn’t happen. He lost me there.
It does happen… not in the US, but it has happened plenty of times in the last ~century. If not zero, darned close.“It can’t happen here…” oh really? There are lots of things happening now that we thought couldn’t happen here.
Russia > Soviet Union, Germany 1945, Japan 1945, China 1949,
The others were not major countries… Vietnam, Afghanistan, Zimbabwe, Iran. Maybe you could say China 1949 wasn’t a major country at that time. But Japan, Germany were.
