Tuesday, December 21, 2021

Dow Theory Update for December 21: Major drawdowns across major countries

 From my Linkedin account


A reminder of the destructive power of drawdowns. If you look at the book's photo below, you'll see that such devastating drawdowns over 20 years reflected a "conservative" 60/40 (60% stocks & 40% bonds) portfolio. As you are well aware, the Dow Theory may come in handy.As an aside, have you thought of following me on Linkedin? I post very often there.


Manuel Blay

Co-Editor of thedowtheory.com