“I think the market is way overdue for a 20 to 30 percent correction. In fact, I’m hoping for the market to drop 40 percent so stocks will again become — from a value point of view — attractive.” — Mark Hulbert, commenting to CNBC
Such a crackpot website!
Actually, not too far-fetched: there are definite parallels between the 1929 and 2008 crashes:
The Great Regression: Robert Reich’s New Film Mainstreams the Dangers of Income Inequality
Paul Tudor Jones used the same theory back in the 80s and made a huge fortune on Black Monday. I wouldn’t dismiss a repeat.
This correction is well overdue!!!
and it never comes when expected or anticipated
tbh i think we are heading for a 1931-1955 style flat market. a lost decade or two.
That would be…
yes that would truly $uck. no money to be made in flat markets. but for our economies it would be great