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Bridgewater Associates' dour outlook for the global economy - "What you have is a picture of...
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Monday, January 2, 2012, 8:12 PM ETBridgewater Associates' dour outlook for the global economy - "What you have is a picture of broken economic systems that are operating on life support" - does not mean stocks aren't a good buy. Co-CIO Robert Prince suggests equities are already pricing in a decade or more of weak growth. If "air pockets" such as Europe blowing up can be avoided, "chances are equities are a pretty good bet."
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also, per Vuke above, Europe is indeed bigger (in dollars, GDP) than the US. and both China and Japan are finally imploding too. but its all just an air pocket. i'm going to go ahead and assume one Roger Prince has a lot of garbage he needs to sell into strength.
It's the same as always. Avoid crowded trades, and you'll do better. Right now, the relative low-volume, uncrowded trade has been equities.
I know, I know. This time it's different.
The market is up 180pts today already. New all time highs soon....
Keep shorting doomer...LMAO!
Is that a generic name for a giant moron?? Hey idiot, when your net worth gets to be 1/10 of 1% of what ours is then maybe you too can quit being a no-brain gambler and actually learn something about real investing.