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Trying to predict market swings usually results in buying and selling at all the wrong times. (more)

A strong case for market optimism

Believe it or not - you have several good reasons to believe the sky isn't falling. In fact, it may be clearing up. (more)

Investing for the long haul

This isn't the first, or the last time we've faced economic uncertainly, but with 30 or 40 years until retirement, there's no need to rush out of the market. (more)

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Calming words for troubled times

18 of 19

Peter L. Bernstein

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Economic consultant and author of "Against the Gods: The Remarkable Story of Risk"

Buy on the dips? It's a sucker's game. I would wait until there is some light at the end of the tunnel, even if I buy well off the bottom. There is no light now and there will not be until home prices stop falling.

What about diversification? I never rethink my customary approach. I swear by it. I am ignorant of what the future holds, so I want all my bases covered.

NEXT: Deena Katz

Last updated April 28 2008: 1:20 PM ET

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Due to a production error, an earlier version of this story reversed the photos of Peter L. Bernstein and William Bernstein, who is also featured in this piece.

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