1.   Author Robert Sobel, who has written extensively about the market, told Bloomberg News that online investors have no track records with market cycles.

2.   He said sales levels generally are less volatile than earnings near turning points in the market cycle.

3.   In deciding whether momentum investing is appropriate, it is important to examine performance for an entire market cycle.

4.   Investors are putting their money on stocks that typically perform well during the recovery phase of a market cycle despite the increasingly gloomy outlook for technology earnings.

5.   Over the last five or six years, the market cycle has challenged the long-held tenet that small caps outperform over the long term.

6.   Richardson, though, said stock prices are almost certainly closer to the bottom of the current market cycle than to the top.

7.   Seriously, Lynch is willing to address specific questions about market cycles, volatility, psychology and corrections.

8.   Still, at this stage of the market cycle I hesitate to point people of your age toward their first stock market exposure.

9.   That style worked most years and very well over the long run, but it did not fit every market cycle.

10.   The approach can beat the market over a market cycle, but prepare for a wild ride.