1973-74 bloodbath was bad for all stocks?
So why play stocks - they suck in this kind of market eh? Are you getting into any of the following Vosilla?
Message 22629616
From the book he lists the things that gained the most in the 1974-1980 period, which is highly reminiscent of today.
Back then, oil topped the list, rising 1,866% in price in that period of time. The next biggest winner was gold, up 1,458% in price, followed by U.S coins (1,053%), silver (739%), Chinese ceramics (607%), diamonds, farm land, art, followed by housing (164%), stocks (81%), bonds (89%), all of which sounds pretty good until you note that Mr. Sjuggerud includes the fact that inflation (as measured by the CPI) was up 110% in those six years. |
