3 ways to counter stock market declines
It is hard to pick a winner but having a balanced approach can save you the pain
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A trader on the floor of the New York Stock Exchange on Jan 18. The history of long-term market gains emphatically does not guarantee anything about future returns, says the writer.
PHOTO: AGENCE FRANCE-PRESSE
Jeff Sommer
(NYTIMES) - Where is the stock market heading? That can be an urgent question - especially when you are losing money in a fickle market.
As the wild stock market swings that started the year demonstrated, no one knows where the market is going, not hour by hour or day by day. What's more, no one on Wall Street has been able to predict reliably where the market will be next month or next year, though plenty of people are constantly trying to do so.
