Is it 1929 All Over Again?I just watched an interesting video. And there are some big similarities to the market today and the market of 1929, a large initial crash, a rally to the 50% retracement line on the Fibonacci, and then … Well in 1929 it meant a long great depression, but what does it mean now? Some things to consider. • The government has been spending a lot of money on bailouts. This is something we forgot to do in 1929 and was considered the last straw that turned it from a bears market to a Great Depression. • Baby Boomers will be retiring soon. When they do a lot of money could be taken out of the market. • Doom and gloom theories. The market is forward thinking, and there are definitely enough doom and gloom theories out there to go around, 2012, new great depression, end of moore’s law. Whether they are true or not people may be making their decisions on them. In actuality we don’t really know what will happen to the market in the future, either way I will be riding the market and trying to do as best I can. But it is always fun to guess. I want to hear what you think. Do you have any opinions on what is coming? Have A Great Story About This Topic?Do you have a great story about this? Share it! |
