By Simon Maierhofer
The market has been up, which puts investors in a good mood. It is this feeling of security, however, that preceded every major market meltdown. Think back to the 2000 and 2007 stock market highs and compare it today. 1929 was no different. In fact, the parallels are fear inspiringly similar. If there's ever been a lesson to be learned from history, it's RIGHT NOW.
It's been said (and perhaps you are getting tired of hearing it) that history may not repeat itself, but it certainly rhymes. Furthermore, those who don't learn from history are doomed to repeat it.
If there is just one time you want to take a lesson from history, it is RIGHT NOW. The parallels between today and the Great Depression are numerous and strikingly similar. This 5-minute history lesson might be the best investment you'll ever make.
Watch out! Even this rally parallels the Great Depression
The first leg of the Great Depression reduced the Dow Jones (DJI: ^DJI) by 48%. The first leg of the 2007 bear market reduced the Dow Jones by 53%. Both times, the initial declines were followed by powerful and persistent rallies.
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This is our last hurrah! Enjoy the fake BS while you can.
ReplyDeleteI read that 50% of Americans are on some sort of depression meds. I hope they stock up.
Depression Meds: For:
ReplyDeleteDepressed you lost your McMansion.
Depressed you lost your job.
Depressed you lost your Lexus.
Depressed you lost your Hummer.
(2) Motorcycles (repo'd)
(1) Bass Boat (Bassmaster Classic)?(repo'd)
Depressed your financial posture cost you your marriage. The D I V O R C E has made you a lifetime pauper. Was cheaper to keep her, but you could have become the pauper even without a "D" word happening.
Your CC's are maxed to the tenth power.
Depressed as your living in Uncle Al's basement. Wife and kiddos went west to her momma's.
Depressed because your reading internet gloom and doom sites daily on Uncle Al's puter when he is at work. Your financial and divorce has cost you your interest in porn these days.
Depressed because your out of Depression Meds.
Oh my, what to do, what to do.
Allow me to suggest
ReplyDeleteIntrospective Contemplation
and no , I am not being patronizing.
I mean it quite seriously.
The Kingdom of Heaven is within you
As reported on http://econochristian.com
ReplyDeleteThe Swiss private bank Wegelin published 2 days ago (NZZ),that the public should get rid of ALL U.S-positions. If such a bank with such a good reputation is giving this alert, then it likely means that something really horrible is on the way.
You would think the Swiss would give the exact time.
ReplyDeleteContrary to popular belief, the finest watch in the world is Polish , not Swiss.
ReplyDeleteIt happens to be made in Switzerland only because the company had to move their from Poland due to socio-economic reasons.
The only 'Christian economic advice' ever given was
ReplyDelete'Go, sell all you have, give the money to the poor, and come follow me'
LOL - no kidding. Could you imagine that church's attendance? Three metal folding chairs.
ReplyDeleteInstead the vast majority of Christian churchs promise huge profits and pleasures in exchange for your donation. The good 'ol new and better prosperity gospel. Cash profits now, heavenly golden streets later! The what you want to hear gospel.