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Mark Hulbert: Why millennials should want a bear market

Most millennials freaked out in early February when the stock market went into a tailspin. In fact, they should not only have been cheering, they should have been hoping for a major bear market.

That’s because the value of their portfolio will be much higher when they retire if there’s a big drop sooner rather than later.

Millennials certainly don’t view it that way, however. The oldest of that generation—someone who was born in 1981—was just 26 when the last severe bear market began. Chances are good that he or she was still paying off college debt at that time and was not even invested in equities.

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