If a New Bull Market Is Coming, Don't Make This Expensive Mistake
Although we can't know for certain when a bull market will come, we can know with certainty that it will come at some point. Historically, a bull market always follows a bear market, even the worst market plunges.
The last time the market had back-to-back annual losses was in 2002, when it actually posted three annual losses in a row. And it was the third and final annual loss, in 2002, that was the worst of the three -- with a 22% drop on top of 9% in 2000 and 12% in 2001. Investors must have been pretty shaken up at that time. But the market roared back with a 28% increase in 2003, and has long since erased all of those losses.
That's why it's so important to have a long-term mindset as an investor. And before the bull market comes back, don't make this expensive mistake.
Source Fool.com
