Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If this is just a run-of-the-mill correction, then we are looking at another four months of pain, history shows. If the losses deepen into a bear market (down 20 percent), then it could be 22 months before we revisit these highs, history shows.
After years of high expectation driven stock prices, now the broad market price-to-earning ratio is over 30, it needs to come back to 15 to 20 to be reasonable. That's 30-50 % to go, how do we get there? Earnings won't go up that much even with tax cut. Only two times in history it went over 30: the dot com bubble, and the great recession.
Talking about bubbles in the past, my favorite mighty Amazon (AMZN) was trading at $86 back in late 1999, a year or so later, it was trading below $6. I want to ask Bezos, how did the company lost 93% of its value?
22 months? Sounds good to me. The last time we had this panic - '08ish - was the period where I did the best. If you can see the buying opportunity on the other side of the short-term hardship you'll be a happy camper.
22 months? Sounds good to me. The last time we had this panic - '08ish - was the period where I did the best. If you can see the buying opportunity on the other side of the short-term hardship you'll be a happy camper.
Yeah, but WHEN to start buying back in is the magic question.....Will it be at DOW 20K or Dow 17K or Dow 15K ???
Just my opinion, but when it comes to sound financial advice, Harry Dent is pretty good . . . . . . at selling his books.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
