Not exact matches
If current levels were to turn out, in hindsight, to be the final lows of this decline, I suspect that the overall return over the next
cycle (by the time we
do observe a full 20 % loss) will be as tame as we've seen since the
bull market started in 2003.
Do they not recall that the completion of a
market cycle has typically wiped out more than half of the preceding
bull market gain?
Though our investment horizon of interest is a complete
market cycle, we don't generally think in terms of
bull and bear
markets, because they can only be determined in hindsight.
Be mindful that a shift in
market internals doesn't necessarily mean that the entire
cycle has changed from
bull to bear or vice versa, so we always have to allow for shifts.
Likewise, if you don't intend to hold the Strategic Growth Fund over the course of a complete
bull - bear
market cycle, you should not invest in the Fund, because we have no firm expectation that the Fund will outperform the
market over smaller segments of the
market cycle.
I needed a few
bull and bear
market cycles to really wrap my head around the fact that I don't know anything at all.
We feel that our mechanical strategies are enough to handle the
market's ups and downs, and if you stick with those strategies through both the
bull and bear portions of the stock
market cycle, you're going to
do quite well over time.
Though our investment horizon of interest is a complete
market cycle, we don't generally think in terms of
bull and bear
markets, because they can only be determined in hindsight.
Bull markets (and economic
cycles)
do not die of old age.
Under his leadership, Heartland's Value Fund has been noted by Forbes as having «
done well... in both bear and
bull markets over two
market cycles.»