Conservatives are pessimistic investors by nature. Because of that I never take investing advice I read on Free Republic. Pessimists are sometimes right about investing, but most of the time are wrong. You should only be pessimistic if the potential cost of loss is high, which I don't think is the case in the stock market right now. The real estate market though is overvalued. I see the economy slow down as a build up of postponed demand. If you guess the timing of the recovery right you can get very rich. A recovery is coming, it's just a question of when. If it's delayed, it will just be that much stronger, and have that much more profit potential.
Pessimism about stocks is not the same as pessimism in general.
"I see the economy slow down as a build up of postponed demand. If you guess the timing of the recovery right you can get very rich. A recovery is coming, it's just a question of when. If it's delayed, it will just be that much stronger, and have that much more profit potential."
You could just as easily and accurately say:
"I see the economy speed up as the release of pent-up demand. If you guess the timing of the recession right you can get very rich. A recession is coming, it's just a matter of when. If it's delayed, it will just be that much stronger, and have that much more profit potential."
However, in neither case would these platitudes and tautologies be of any use in assessing the future.