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Byline: CRAIG SHAW
Reading The Market:
Fourteenth In A Series
After the worst bear market in the post-World War II era, a lot of investors' portfolios are in tatters.
Retirements have been postponed, vacations canceled, college plans scaled back. Yet anyone could have avoided that kind of life-changing damage by following one simple rule of investing.
You didn't need to know how to read a company's financial statement. You didn't need to understand chart technicalities like stochastics or moving averages. You didn't need to even watch the action of the major market indexes.
You just need to understand this sentence: Cut losses at 7% or 8%.