Recessions have been relatively small blips in economic history
• Over the last 70 years, the U.S. has been in an official recession less than 15% of all months.
• Moreover, the net longer term economic impact of most recessions has been relatively small.
Recessions are painful, but expansions have been powerful
Don’t fear the bear
• Over the last 70 years, bear markets have been relatively short with limited losses when compared to the powerful bull markets that have followed.
• Aggressive market-timing moves during a downturn, such as shifting an entire portfolio into cash, can backfire.
Bear markets have been relatively short compared to bull markets