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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (86187)	1/22/2012 6:34:24 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 217891

Elmo, my point was that you cannot base your investment decisions on the past as nothing goes on forever. The whole chat about stocks are undervalued is just that empty chats, and the key is which stocks are undervalued. Obviously your examples prove that on a relative basis those stocks were undervalued at that time the question is now are they undervalued now? IMHO as I anticipate that the cycle of easy money to come to an end as deleveraging is finding a new balance worldwide, stocks will underperform worldwide nominal growth, and the commodity cycle has few more years to run at which time the wheels of fortune will change. Specifically to the price performance of US bellwether stocks, it also points to the diminishing influence of the US as an economic power in the world which will have profound influences on the future makeup of the world within the next 2 decades, as it seems the US industrial innovation is fleeting and emerges in other countries.