Investing Myth #4: The economic cycle is suspended

Investing Myth #4: The economic cycle is suspended. A common mistake investors make at business cycle extremes is to assume the business cycle won't turn back the other way. After several years of good times it is common to hear talk of a new paradigm of prosperity. Similarly, during bad times it is common to hear talk of a new normal of continued tough times. But history tells us the business cycle will remain alive and well. There are no such things as new eras, new paradigms or new normals. To read all 13 of Shane Oliver's investing Myths follow this link (VIEW LINK)