Check out this insightful interview dated December 10, 2007 with Russell Napier, author of Anatomy of the Bear: Lessons From Wall Street's Four Great Bottoms. The interview takes several minutes but it is well worth the listen.
Napier studied the four historic market bottoms of the 20th century with major lows created in 1921, 1932, 1949, and 1982. He defines these market bottoms by declines in market valuations. He also comments on the market tops and suggests we reached a market top in 2000 and a new long-term bear could last until 2014. Napier states that there are plenty of great trading opportunities during these long-term bears but they are not “buy and hold” markets. I tend to agree.
Napier’s research is amazing as he read 70,000 Wall Street Journal articles two months prior and two months after each of these bear market bottoms. Based on his research, what sort of headlines should we expect to see before we declare a new market bottom? Napier expects to see plenty of these sort of headlines:
Disgruntlement with the Federal ReserveIn my opinion, we are starting to see some of these headlines but I agree with Napier that we have a ways to go before we hit bottom. If the Fed hadn’t stepped in and bailed out the market over the past 6 months, we might be seeing more of these headlines. In my opinion, the Fed is just prolonging the agony. You may not agree with my opinion. Regardless, Napier’s research is certainly interesting.
Pressure for a new monetary system
Lots of discussion why you should never buy equities
Talk of a possible bond collapse
Dangers of holding your money in a bank
Talk of deflation
Questions about the long-term future of America
2 comments:
That was really interesting to read.
I could not have closed on my first home without Mr, Benjamin Lee ! Benjamin and his team went above and beyond for me on this transaction. He handled my very tight turn around time with ease and was always available for me when I had questions (and I had plenty), even when he was away from the office, which I greatly appreciated! He and his team handled many last-minute scrambles with the seller and worked tirelessly to make sure that I could close before my lease (and my down payment assistance, for that matter) expired. Mr Benjamin is an incredibly knowledgeable Loan Officer, courteous, and patient. I went through a couple offers on properties before my final purchase and Benjamin was there to help with each one, often coordinating with my agent behind the scenes. I felt supported throughout the entire process. Thanks to Benjamin and the tireless efforts of his team, I am now a proud homeowner! I would encourage you to consider Benjamin Briel Lee for any kind of loan.Mr, Benjamin Lee Contact informations.via WhatsApp +1-989-394-3740 Email- 247officedept@gmail.com.
Post a Comment