Why Economic Averages Lie

I have heard several mentions of the average bear market or recession is 15 to 18 months on the radio and television during the past week. Even though the economic averages you hear may lead you to believe that the bear market and recession will soon be over you may want to take a moment to analyze the information these individuals are using. If this was a short-term or average bear market, they would appear to be correct. However, our economic challenges lead one to conclude that this may be a long-term or longer than average. When reviewing the longer-term bear market information, the averages indicate a significantly longer recovery period.

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