Is It Time to Buy? What History Shows [View article]
Two generations of "buy and hold" bulls, does not mean we can't have a 20 year bear market. And if you forgot, stock price is based on earnings. And earnings are dropping. Dump your advisors and mutual fund managers. They want you to believe it's 1987, or they will all be out of jobs if it's 1929. It's in their interest to pull the wool over your eyes! Hope is a dangerous thing here. Go short or stay in cash. Cash has a better return than anything out there this past year.
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Two generations of "buy and hold" bulls, does not mean we can't have a 20 year bear market. And if you forgot, stock price is based on earnings. And earnings are dropping. Dump your advisors and mutual fund managers. They want you to believe it's 1987, or they will all be out of jobs if it's 1929. It's in their interest to pull the wool over your eyes! Hope is a dangerous thing here. Go short or stay in cash. Cash has a better return than anything out there this past year.
Dec 11 17:13 pm
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