Investing Through Difficult Markets

Chart of the Week for August 23-29, 2002

One lesson learned by investors in recent years is that the market does not rise uninterruptedly. Periodic pullbacks are common and represent the extra risk for which stock investors are compensated. Though downturns can be trying and last longer than we’d like, stocks have eventually bottomed and moved on to new highs. No one can say with certainty, of course, but don’t be surprised if the current downturn becomes a memory later.

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