[Movemout]

I have been reading doomsday prognostications for 30 years. I guess if you predict them long enough you will be correct eventually. When it happens there will be a few beneficiaries and a whole lot of losers. That is my prediction.

[sourcery]

It's true that there are always doomsayers, just as there are always those with "irrational exuberance." It's also true that good to middling economies and markets usually are in effect, and that really bad economies and markets are infrequent occurrences.

Nevertheless, depressions and market crashes have happened in the past, and will happen in the future. So will manias and booms. Each of us will ultimately be solely responsible for how well we can forecast what's coming, and how well we position ourselves for the future. One has to take one's best shot, and hope that the future doesn't unfold in such a way that one's plans and preparations turn out too badly. Good luck to you, and to everyone.