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You can’t time the market, so either advice is just as wrong/right. Though the stock market will probably be higher 10 years from now.
by madengr 8y ago
You can’t time the market, so either advice is just as wrong/right. Though the stock market will probably be higher 10 years from now.
- readhn 8y ago>> You can’t time the market, What about these 4 guys just before 2008? • Economist A. Gary Shilling warned his newsletter subscribers about a housing bust and wholesale deleveraging of household debt that would hobble the economy for years. • Money manager James Stack also told his clients the housing bubble had burst and that a new bear market was coming—while stocks were hitting all-time highs. • Raghuram Rajan, then chief economist of the International Monetary Fund, said the amount of risk and leverage in the system was much higher than most people thought. • John Mauldin said a housing bust would lead to a drop in consumer spending, a bear market, and a recession (though at first he thought it would be a mild one), and that credit default swaps (CDSs) posed a systemic risk. Plenty of folks "predicted" 2000 dot com crash and 2008 crisis. Noone listened though.