Sooner or later, most savers and investors come across the words ‘cycle’ or ‘cyclical’. It sounds impressive, but like most impressive terms connected with investing, the meaning is a little mixed. It could be something very useful, it could be irrelevant, or it could be worse than useless. By worse than useless I mean it could be something outright misleading. For example, followers of the bizarre cult of technical analysis use the idea of cycles in many strange ways but that’s fine, because it ..
