Side note: I'm thinking about starting to gently dollar-cost-average into some energy and precious metal funds. But maybe going to the racetrack is a better option.
We’re in trouble and no one realizes it yet. The bill our government elitists have imposed on us is coming due. I got out in 2008 and I never looked back.
7530. In 2008-9 it went to 45.5% of 14163 peak. 45.5% of 18400 peak is 8368. Then I knocked another 10% because there is little the FED can do.
Remember, too many investors actually deeply regretted not buying stocks at the market bottom during the Great Depression. But one Joseph P. Kennedy did, and he made a GIGANTIC financial profit for selling depressed stocks as they recovered and selling highly-depressed real estate in Manhattan bought in 1929-1931 by 1937. How else do you explain the Kennedy family could build their homes in Hyannis Port, MA and West Palm Beach, FL?
13500
Because the Dow will shed 1/3 before it bottoms out..
Why... because the p/e IS too high and the economic outlook for the next few years is BLEAK...
The world is awash in oil and natural gas, consumers have NO MONEY, and that is 70% of our economy and Europe will see an economic flat line with additional Islamic terrorism... The Chinese economy is trying to shift to consumerism but has lots of low wage earners and the wealthy are getting money out asap...
http://www.advisorperspectives.com/dshort/charts/index.html?indicators/Empire-State-Manufacturing-General-Business-Conditions.gif
8800