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(Nick M. Do/iStockphoto)

Worried about losing money? Then the bull market is still on

If the pain of taking a loss on one of your investments is bigger than the joy of making a profit, pat yourself on the back: It could be a sign that the bull market has some life left in it.

Economists and market watchers have been studying the so-called “asymmetry” between views on investment losses and gains for years. But Richard Bernstein believes the level of asymmetry can shift with the market cycle, and can help us determine the direction of the stock market.