Quote on “bear market”…

May 27, 2007 at 11:32 pm | Posted in Quote of the day | Leave a comment

“A bear market is a financial cancer that spreads. Intermediate rallies (occasionally very strong ones) keep the hopes of investors alive. Furthermore, by continuously publishing bullish reports, brokers and economists, like good nurses, keep the flame of hope from burning out. But after 18 to 36 months of continued losses, total capitulation usually sets in and a major low occurs.”

 Marc Faber


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