BookValueMarket Panic
Stephen Vines
( http://www.wiley.com/ )
Stock market panics
A common belief is that the best opportunities occur in bull markets. However, one of the strongest lessons from history is that investors rarely know when to get out of a bull market and thus end up seeing the bulk or possibly all of their gains wiped out, writes Stephen Vines in Market Panic: Wild Gyrations, Risks and Opportunities in Stock Markets second edition.
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