No. of Recommendations: 7
Seems to me this time is different. How many times have we been taunted by this statement and yet when it applies to historical market recoveries where are these same brilliant people to also tell us this time it is different.

Stocks go up, they go down, they rumble along, and in the end more and more wealth is created. Even two world wars, Cold War, passenger planes crushing into buildings did not make things different this time.

Bottom? Duration of malaise? Not a clue. Things are different this time...highly unlikely.

As Saul says, enjoy your weekend. Investing in the end is about perseverance and the cliche that is not because most people don’t believe it anyways when it actually happens, investing most during times of panic.

The Roman Empire did eventually fall and then things really were different. If America goes socialist - then yeah things really will be different, but otherwise the derogatory comment things are different this time has the same veracity as it has in its other context.

Each to their own.

Tinker
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