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5 Stupid Wall Street Sayings

They might be common cliches, but that doesn't make them right

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‘There’s always a bull market somewhere’

bull at bombay stock exchange 630There’s actually a little bit of truth to this axiom that Jim Cramer turned into an outright cliche. There’s an important footnote missing from the idea, however.

While there might always be a bull market somewhere, there’s not always a bull market in the arenas where the average investor can actually invest. In 2008, for instance, stocks, gold, oil, real estate and even bonds lost value over the course of most of 2008.

Yes, all of those areas eventually recovered, but they all fell — a lot — in tandem for a long, miserable time.

As of this writing, James Brumley did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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