Lance Roberts: Lessons Forgotten Are Relearned During Bear Markets
"Bear markets are always a reminder of lessons forgotten."
"Bear markets are always a reminder of lessons forgotten."
"What could possibly go wrong with “free money,” right?"
"As noted above, bear markets do not end with investors wanting to “buy” the market. They end when “everyone wants to sell.”"
"We are in a bear market and a recession. It just hasn’t been announced ... yet."
“Tops are a process, and bottoms are an event”
"Stay alert; things are finally getting interesting."
"Six days. That’s all the time it took for the S&P 500 to fall more than 10% from a record into a correction. That’s the quickest turnaround of the sort ever..."
"The stock market, however, is a strong leading indicator of investor expectations of growth over the next 12-months. Historically, stock market returns are typically favorable until about 6-months prior to the start of a recession."
"...global and US exports, manufacturing and freight shipments have ALL be telling us for months that a recession/depression is on the way. The export crash was not only limited to the US and China, multiple top economies including Japan and Germany have been witnessing extensive declines in manufacturing and export demand."
"Will the "bipartisan consensus" in Washington blame the coronavirus for the coming economic downturn?"
"So here we are on the verge of the worst economic downturn in more than a decade, and even if this outbreak miraculously ended tomorrow it would still take quite an extended period of time for global supply chains to return to normal."
"Among survey respondents who said they or their family members dealt with an unexpected expense in the past 12 months, the median amount of the largest expense was $1,750."
"...in the entire history of the United States stock prices have never been more overvalued than they are at this moment."
Buckle up and hold on tight!
In America today, financial difficulties are one of the biggest reasons why so many of us are completely stressed out, and the next recession hasn’t even officially begun yet.