Great Depression? One Can Only Hope!
The ending of my last post went something like this:
If that’s the case, I wouldn’t want to be a “buy and hold” investor, but if you’re willing to be nimble and cynical, there’s a lot of money to be made during this whole period of economic malaise. If you need an historical precedent, go back and look at a chart of the market during the Great Depression after the initial, monster selloff. What a great time to be an investor with actual cash!
Click to enlarge
All we have to do is have some cash left at the end of the monster selloff that we find ourselves in today.
And… of course, I didn’t show a chart of the stock market during the Great Depression. I can’t believe I’m so lazy as to make a reader look it up for himself! So, you bum… here it is… Now, get back to selling pencils already!
