2min chapter

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Buy the Dip is Dead (EP.288)

Animal Spirits Podcast

CHAPTER

The Stock Market Is Down Two Years in a Row

The S&P 591% of the time is not down two years in a row. There's been 26 down years since 1928. Eight out of those 26 years saw down here the next year, which is roughly a third. So basically, if the stock market is down one year, it tells you nothing about what’s going to happen next year.

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