If American investors have learned any lesson in the last 25 years, it is to buy shares on the dips. The slide in 2000--2002 may have been longer and deeper than they were used to but normal service was eventually resumed, driving the Dow Jones Industrial Average to a record high on October 1st.
Among American financial commentators, it is almost universally accepted that shares always rise over the long run. And one ought to expect shares (which are risky) to deliver a higher return than risk free assets such as government bonds.
Nevertheless, investors ought also to remember the world’s second largest economy, Japan. Its most popular stock-market average, the Nikkei 225, peaked at 38,915 on the last trading day of the 1980s; this week, nearly 18 years later, it is still only around 17,000, less than half its peak. Buying on the dips did not work either.
Professionals of the London Business School examined the record of 16 stock markets which were i
A. a place where the surface of something reaches its climax.
B. a place where the surface of something goes up suddenly and rapidly.
C. a place where the surface of something goes down suddenly then goes up again.
D. a place where the surface of something reaches its lowest point then goes up.
Have you seen any good movies lately Chances are that you saw it on a video cassette recorder, also known as a VCR. In the past few years VCRs have become cheap enough that many people can easily rent or even own one. These VCRs in the home have many uses; they give us much more freedom in watching our favorite movies and television programs. After being connected to any TV set, a VCR allows us to record a television program and watch it again - as many times as we like - in the future. Many video cassette recorders can record programs when we aren’t home or even while we are watching another program on the same television. Most of all, people use VCRs to watch their favorite movies already recorded on a video cassette. These video cassette movies are often called "videos". Almost every movie you can think of has been made into a video; while these videos can be bought at a price between 30 mad 100 dollars, most people prefer to rent them from "video stores&q
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