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What do you mean we havenā??t even had a stock crash! The Dow is 30% off it's peak of one year ago. The broader inidecs are in the same ballpark. And as we slide into recession, falling corporate profits will only pull the market lower.All this excessive debt has caused a massive asset bubble, not just in housing. And as that debt unwinds, ALL assets will depreciate. Granted, stocks are not dropping overnight, but the trend is down, followed by more down.I have no doubt that history will have no trouble seeing this as a crash . Rate this comment: 0 0
by Adrian 09:38:05 AM 2012.12.08 |
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