Dipy,
> What is typical of this bear market is that the imaginary recovery is always two quarters away! Why?
It is not a matter of bullish folks or bearish folks. What you are saying is that people should think about misery more than prosperity?
It is only natural that people (all of us and including you) need to have some hope and optimism at difficult times. If you lose all your hopes and faith then what you are left with?! I feel like sounding a bit religious, but of course I am not! What I am trying to say is that progress always comes from having hope for a better future, and being optimistic - even if it is a bit imaginary in the immediate short term!
Surely the economic times of today is no comparison to those of 10 years ago, or 30 years ago. We live in a more prosperous environment. What we may call an economic downturn would have been considered a boom in 1990! And as such people tend to be more optimistic than they were (lets say) 10 years ago or 30 years ago.
And having a bear market for 3-4 years?! For all I know that can happen, but I sure hope not, because a lot of people will suffer beyond you can possibly imagine. And I am not just talking about the ex-bulls, or current bulls or people like you and I who have got some financial backing to continue to enjoy life regardless of what happens to the economy. I am talking about those people who have nothing to do with investing int he stock market, or bond, or the investment world, or.... I am talking about your neighbor who has a small business working hard to support his wife and 2 kids, or the friend cross the town who is about to get married but has been handed a pink note being told he has 1 month of severance coming to him, or...
For the sake of everyone I pray you are wrong, and I pray all keep on holding to their optimisims and hopes - eventhough in the immediate short term it may seem imaginary! What would happen if they lose that? What have they got to go by at that time?
Regards, |
