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alot of money on the sidelines still....
Yes, because that has happened exactly zero times in history over a rolling 20 year period.
The consumer is finally beginning to show signs of weakness, but this is nowhere near a recession yet, let alone a depression. GDP growth is as low as it was back in 2000 (1.5 to 2.0%), but S&P earnings and P/E multiples are in MUCH better shape compared to right before the dislocation of 2001.
This isn't the same era as when your grandpa lost his retirement savings in the 20's. The economy is global now. Subprime losses are priced into the markets now at 20% realized losses, which works out to 60 cents on the dollar and is overly pessamistic and a kneejerk reaction to the fear of the markets.
Buying on fear is the best time to get in. Scared sheep get fleeced.
deac, keep your money in commodities for the next several years.
the commodity bull market still has a long way to go.
must also have some physical gold and silver.
this depression will wipe out alot of the buy and hold type equity investors and donald trump wannabe real estate gurus.
as much as others get uptight about those posting this type of scenario, thats how capitalism works.
Yes, because that has happened exactly zero times in history over a rolling 20 year period.
The consumer is finally beginning to show signs of weakness, but this is nowhere near a recession yet, let alone a depression. GDP growth is as low as it was back in 2000 (1.5 to 2.0%), but S&P earnings and P/E multiples are in MUCH better shape compared to right before the dislocation of 2001.
This isn't the same era as when your grandpa lost his retirement savings in the 20's. The economy is global now. Subprime losses are priced into the markets now at 20% realized losses, which works out to 60 cents on the dollar and is overly pessamistic and a kneejerk reaction to the fear of the markets.
Buying on fear is the best time to get in. Scared sheep get fleeced.
Where else do you recommend to hide?