Geeze, even I saw that coming with the Dems demanding banks/lenders to give no-down-payment loans to people whose income didn't qualify - all in the name of social justice. Then when they started to bundle and re-sale mortgages, I knew that would have domino effect. I just wondered why it took so long. I got out of equities in late 2008. I even made some of my losses back buying in mid-09. I'm all cash now and living a comfortable retirement.
So what if I've missed the run-up. I won't play with the stock market again. It can crash for any reason at any time.
Difference is you didn’t go on cable tv where everyone laughed at you. He did put his neck on the line and was proven right.
Just because this next collapse is taking some time does not mean it won’t happen.
It is not easy to predict timing. One day we will wake up to the crisis.,,,,