Not necessarily. For those who don’t understand where we are in the economic cycle and the current valuation levels of markets, there will likely be some very unpleasant surprises down the road. This is nothing new. For investors who were too aggressively positioned in 1999 and 2007, most of the progress they had made over years of investing was wiped out within months. This time probably won’t be any different for unsuspecting investors. However, by taking a more conservative approach and focusing on principal preservation, there will most likely be opportunities down the road to invest at much more reasonable…
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