THE PERPETUAL WALL OF WORRY by Cullen Roche
Here’s a nice chart from Fidelity Investments showing the perpetual struggles that the global economy and the equity markets have endured over the last 40 years. It shows that economies will enter substantial periods of hardship, however, if the citizenry are moving in the right direction, they are likely to continue making progress. After all, when taken to an extreme that is the story of man. We innovate, overcome, survive.
Many readers might think of me as a pessimist because I tend to focus on the negatives. As I’ve described before, butterflies and rainbows don’t ruin your day. It would be easy to focus on the positives during the climb to the top of the investment mountain.
“And Now the Rest of the Story – “The trials of the past 40 years