We’re in a major bear market. The bad news is that lots of nasty things will happen to take the market lower, toward an ultimate bottom. The good news is that eventually a real bottom will be reached, and it will be possible to buy great companies unbelievably cheaply. However, there’s more bad news, namely that the bottom is likely quite a while down the road…
In the meantime, the busybodies, losers, and goons who populate the “Swindlers Encouragement Commission” will have a field day. Their counterproductive rules serve only to enrich lawyers and create a false sense of security for naïve investors. It’s all part and parcel of an investment climate — and more importantly a moral climate — in which the public thinks someone should pay them if they gamble and lose.
It’s more writing on the wall: the America that once was has been replaced by the “United State,” inhabited by herds of obedient, reality-TV-educated inmates who take no responsibility for their own actions. Things are going to get worse before they get better.
— Doug Casey
Doug Casey of Casey Research is the author of the best sellers Strategic Investing, Crisis Investing, Crisis Investing for the Rest of the 90's, and most recently, Totally Incorrect. He has lived in seven countries and visited over 100 more. He has appeared on scores of major radio and TV shows and remains an active speculator in the stock, bond, commodity, and real estate markets around the world. In his spare time, Doug engages in competitive shooting and plays polo.
Soon kids in school will sing ZombLand Forever.
“… eventually a real bottom will be reached, and it will be possible to buy great companies ….”
when one considers how deep and wide that real bottom is likely to be, just what in the wide wide world of sports do you mean by “great companies”? and if there is anything worth infesting ten cents in, why do you think the new manor lords will let YOU have any share in it?
How pertinent, all!
Jeez Doug! Tell us what you *really* think.
‘Things are going to get worse before they get better.’
So let’s do this thing. I’m tired of talking about it.
…too there’s always Selma Hayek to look at.
The quack policy that was good for stock owners in North America turned out even better for those in Japan.
From under which fetid igneous formation did these IRS slugs slither?
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In places like Mongolia or Myanmar, for example, you find today’s Dakota Territory.