Investing in a Bull Market

Investors are able to live with uncertainties like these and retain their equanimity, sometimes for long periods. As negatives accumulate, whether they surface for the first time or just are finally recognized as significant, eventually a time comes when they can no longer be ignored. The latest tipping point was reached last august. Up to that point, investors had pretty much resisted the negatives and the s am p 500 was up three point three % in the first seven months of the year. But then in august, a series of nea s occurred in china, reports of still more economic slowing,. An unexpected devaluation of the renmindi, whose value many people complained for years had been