Market cycles have long periods, sometimes lasting years, during economic slowdowns when stocks just aren’t a good investment. In cycle after cycle, businesses always seem to get caught in periodic downturns, and by the time the leaders realize they’re in a downturn, it’s too late to do much about it.
The Fear Of Recession
There’s a traditional fear of recession (defined as two quarters or more of decline in real GDP), but ultimately, the downturn is already in the cards before a recession even hits.
