How the rules of investing changed

In the past, a bull market in one asset class was usually accompanied by a bear market in another. But with all five major asset classes in long-term bull runs, here's how to play by the new rules of the game.

The game's changed, says Marc Faber. It used to be when one asset class went up others were ignored. Today they all go up together though the leaders in each boom change...

The feature most common to previous investment booms was that a bull market in one asset class was accompanied by a bear market in another important asset class. Precious metals soared in the 1970s, but bonds collapsed. Equities and bonds rose in the 1980s, but commodities tumbled.

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