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I haven't uncorked the champagne yet, but the mood is noticeably better here in the comfortable confines of Chez Melvin.
Why? The market, of course – what else? It's trying to sell off, but it's not quite there yet.
Over the years, I have learned to love bear markets – the bigger and badder the bear, the better. While everyone else is panicking and selling their stock, exchange-traded funds, and mutual fund positions for pennies on the dollar, I'm the one buying those positions for even fewer pennies on the dollar. When the bears are running, you'll find me paying bargain prices for great companies with wild abandon.
I've spent a lot of time studying what does and does not work in the stock market. When it comes to getting rich, the one thing that works – better than anything, pretty much guaranteed – is buying good companies when the stock market has fallen by 20% or more.
Here's how to do that in style… Full Story