In grizzly times, be cautious but not frightened

  • Article by: ROSS LEVIN
  • Updated: August 28, 2010 - 9:12 PM

It will take more time to absorb the jobs we've lost and for growth to resume. But don't lock yourself into investments that you may come to regret.

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depres08Aug. 28, 10 6:25 PM

Of course he recommends stocks...that is his job! The stock market is NO PLACE for the individual investor to save for retirement. The Japanese stock market has lost 75% of its value over the last 20 years...20 years is almost a working LIFETIME...The US market went DOWN from 196601982, and is Down over the last 10 years, so the 'long run' cannot save you. The US is in far worse shape than Japan was 20 years ago, our manufacturing base is wiped out and our demographics are a disaster, and our government/the fed is completely impotent to do anything to juice the economy. There is NO WAY P/E ratios will expand over the next 20 years. Please, Please do not get taken in by these Wall Street criminals again, they have stolen the wealth of the little guy TWICE in the last 10 years. Any day now the hedge funds will decide to push the S&P back to 666, just like they did in 2009- How stupid would we have to be to put more money in the stock market?

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depres08Aug. 28, 10 7:02 PM

The stock market DECLINED 75% in Japan between 1990-2010, while the Japanese economy grew in real terms by 1/3 and earnings more than doubled over the same period. The S&P 500 could EASILY be cut in half over the next 20 years even if the US economy grows by the 1% or so per year it is capable of with our debt load and demographics and worthless government. Corporate cost-cutters cannot drive earnings by reducing headcount much more, so earnings growth wil be nowhere near historical levels. The only people who make money in the stock market are the criminals on Wall Street - including this guy. If you buy stocks at these levels you deserve to lose your money, the same way everyone did on 2009. The reason people prefer guaranteed bond yield to dividends is bonds don't drop 40% overnight the way stocks do and everyone knows interest rates will stay low for 20 years or more...just like in Japan.

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