Posted on 07/17/2014 8:19:18 PM PDT by RC one
1853, 1906, 1929, 1969, 1999
Pass the question around your office. Call your money manager and ask him or her, too. Post it on your office notice board.
Give up?
Those were the peaks of the five massive, generational stock-market bubbles in U.S. history.
Investors who bought into stocks around those peaks ended up earning terrible returns over the subsequent 30 years. Forget stocks for the long run. They ended up with stocks for a long face. The bigger the bubble, the worse returns.
And, according to a new research report, we are back there again.
U.S. stocks are now about 80% overvalued on certain key long-term measures, according to research by financial consultant Andrew Smithers, the chairman of Smithers & Co. and one of the few to warn about the bubble of the late 1990s at the time.
The five dates listed at the start of this article, he says, are the only times since 1802, when data began being tracked, when stocks have been 50% or more overvalued according to these measures. And only two of those bubbles 1929 and 1999, both of which were followed by disastrous crashes were bigger than today.
(Excerpt) Read more at marketwatch.com ...
Well said, that’s what I believe also, the FED is in the democrats back pocket and will do everything possible to make it as you said.
He showed a dangerous amount of sway over Justice Roberts to pass ObamaCare, didn't he?
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