<Well, hasn't it already been different this time?
No, this mania has been very similar to 1928 and 1929. Also, to the "nifty fifty" crowd of the late 60s, which led to the '73-'74 recession, which was the worst since the depression of the '30s.
<But a Japanese like Downturn in duration is almost impossible in the US today. The Federal Reserve, in conjunction with either the Democratic or Republican Administration that is currently in power, would initiate massive market friendly economic measures, such as enormous tax cuts, which have been proven to stimulate investment and light a fire under growth at the first sign of trouble.>
Wow, are you in for a shock. The Japanese investor, along with their government, had the exact same attitude. They have now been in a recession/depression for 10 years.
I would make a large bet you are closer to 30 than 40 and possibly under 30. The worst market you have seen, if any at all, was the V-shaped 2-3 week bear market of 1987. I can assure you, the next one will be much worse and last much longer. |
