10 lessons from the great stock crash and recovery
1. Neither good times nor bad last forever
In 2007, the economy was booming and the experts were forecasting more good times ahead. U.S. stocks had doubled and international stocks tripled in the previous five years.
We all came to know that would not be the case, as stocks plummeted only a year and a half later. The experts' forecasts were then bleak, and firm in their belief that we were sailing into the Great Depression ahead.
In reality, stocks and the economy have ups and downs and it's foolish to think good times will always get better and bad times will always get worse.
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