hermanbrut

How Low Can This Market Go? The 40 Percent Solution

Lots of gloom and doomsayers, plus failure of a major bank in southern CA means we may be near a market bottom here.
Re housing, people have to live somewhere, so rents are going up. When rents exceed the cost of mortgage payments, housing will go back up.
Also, the world economy is all interconnected and, overall, is growing. When we are paying $150 a barrel for oil, someone is getting $150 a barrel for oil. So buy stocks in the middle east or Brazil.
We in the US have had it good for quite a while. It's time for us to get a much broader world outlook. Much of the "third world" is just starting to prosper and if we get some decent political leadership, that will be good for us, too.