I like your reasoning.
Someone who lived through the depression told me that the US almost went
communist during the depression because there was so much suffering under the capitalist regime.
Now we have China communist system doing much better than the US.
Almost the best on the planet, except for Uruguay.
I have spoken to some architects lately, it seems pretty clear about half of them have no work since 2007.
Thier credit is running out and I don't know if many of them are retraining like I am.
Was it war, cheap energy, or just pure time that brought us out of the great depression?
Oh, and there might be a lot of baby boomers in other countries too, right?
They had the same credit crisis.
Ross
[mc] Something to consider: the u.s. is not the entire universe. baby boomers are
maybe 75 million people. There are 6 billion others. Those boomers maybe
spent a lot but the other 99% or so of the planet is what produces the
wealth. For markets to keep declining, capitalism would have to be in the
grave.
-----Original Message-----
From: OptionClub@yahoogro
Behalf Of Sandra McMakin
Sent: Sunday, May 24, 2009 5:14 PM
To: OptionClub@yahoogro
Subject: Re: [TheOptionClub.
week?
Thanks Enrico,
I feel like I've done everything wrong for the past 10 years.
In 1993, I went to a seminar by an investment guru. He had a guest speaker -
Harry S. Dent, an economist who has written several books.
The basic premise of Dent's study is that the baby boom generation has
driven growth in the economy in various sectors in a very predictable
pattern. Now, we are at the end of the baby boom,s peak spending years and
fundamental changes to the U.S. economy will be the result. Real estate
prices are predicted to fall 40 to 60%. The stock market will sustain
another assault bringing it down to 3800 to 5000 level.
I followed that advice for most of the 1990's. Unfortunately, I didn't keep
his forecasts in mind during the past 8 or 9 years, resulting in bad
decision making.
However, I know that there are always two sides to every trade. I'm just
hoping I can be on the right side of the trading opportunities that will
present themselves in the next few years.
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The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub
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