The following is an excerpt from an article in Time magazine:
“The US economy remains almost comatose… the economy is staggering under many structural burdens, as opposed to familiar cyclical problems. The structural faults represent once-in-a-lifetime dislocations that will take years to work out. Among them: job drought, debt hangover, the banking collapse, the real estate depression, the healthcare cost explosion, and the runaway federal deficit.”
Scary stuff. Obviously this means you should avoid stocks at all costs, right? Believe it or not, this is from an article written in September 1992 – right before one of the biggest bull market runs in history.
This rhetoric is eerily similar to what we’re hearing today. But are these fears more real today than they were in 1992? Certainly we had a worse recession in 2008-2009 than the one in 1990-1991. But are things really going to be that bad? Or could we be on the cusp of another bull market?
To read this article on Zacks.com click here.
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