Ummm… I hope u are NOT thinking the markets are going to rise. That is 100% the opposite of whats coming. The ‘boom’ is the destruction of wealth.
I hope like hell Im wrong. I do. Sadly, I am not.
Here is why: I have been having constant conversations with boomers. I have been calling for the current decline for a long time. I was ‘poo-poo’d’. Cant help people that dont understand basic economics. NOW…they are scared, and listening. All of them (about 20 - golf course peeps). They remember 2008 like it was yesterday. Every one of them is about to liquidate their portfolios in part or in whole. They only listen now because I have stayed the course on my prognostication through all the ‘ridicule’. THAT BEING SAID … this is a tiny subset of the investor class. Clearly not a statistically relevant sample. BUT … I am 100% convinced its the prevalent sentiment. These Boomers are sitting around this long weekend wringing their hands, pacing the floor, talking themselves into dodging the bullet to the face they took in 2008-2009.
A massive, massive decline in equities is coming.
Ummm… I hope u are NOT thinking the markets are going to rise. That is 100% the opposite of whats coming. The ‘boom’ is the destruction of wealth.
I hope like hell Im wrong. I do. Sadly, I am not.
Here is why: I have been having constant conversations with boomers. I have been calling for the current decline for a long time. I was ‘poo-poo’d’. Cant help people that dont understand basic economics. NOW…they are scared. All of them (about 20 - golf course peeps). They remember 2008 like it was yesterday. Every one of them is about to liquidate their portfolios in part or in whole. They only listen now because I have stayed the course on my prognostication through all the ‘ridicule’. THAT BEING SAID … this is a tiny subset of the investor class. Clearly not a statistically relevant sample. BUT … I am 100% convinced its the prevalent sentiment. These Boomers are sitting around this long weekend wringing their hands, pacing the floor, talking themselves into dodging the bullet to the face they took in 2008-2009.
A massive, massive decline in equities is coming.