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The more you watch, the more confused you become; the more you act, the less money you make. Isn’t that right? Every day, the market is flooded with all kinds of analysis—but how much of it is truly useful? Think again: are bull and bear markets really as decisive as they seem? Does being in a bull market guarantee profits? Does a bear market guarantee losses? Will prices really never fall again? Will they never rise again? Directional predictions involve probability, but time always sides with those who diverge from the crowd.

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