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September 28, 2022
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Business

Proceed with Caution: Strategist Says Don’t Buy Stocks Yet

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The Street

By Dan Weil ‘In seven of the last 10 bear markets, it has been better to be late than early,’ said Dan Suzuki of Richard Bernstein. With the S&P; 500 down 16% year to date, you might think stocks are a bargain and now is the time to buy. Not so fast, says Dan Suzuki, deputy chief investment officer at money manager Richard Bernstein Associates. “Many investors insist on buying early so that they can be there at the bottom,” he wrote in a commentary. “Yet history suggests that it’s better to be late than early.” He looked at returns for the 18-month period encompassing the six months before and…

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