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Question - Topic: Stocks & Bonds
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Lux_Report
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Posted On: 2012-07-31 15:07:21
Viewed: 2620
Is Bill Gross Is right About Stocks markets Big gains done?

Well-known finance professor Jeremy Siegel took issue with bond guru Bill Gross’ pronouncement that "the cult of equity is dying," telling CNBC that stocks still provide the best long-term investment.

is he right?

Answers & Comments: 1
mmerlinn
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4 months 2 weeks ago

Maybe long term, but definitely not short term. In the short term we MAY have a further rise in prices, but it probably will not be much considering the recent explosion in prices recently.

What you can bank on is another stock market crash in the near future. There seems to be major crashes (defined as a 40% drop in under 60 days) every 10 years or so. The last such drop was in 2008, almost 9 years ago. So, it is just a matter of time before we see a repeat.

The next 40% drop is due to start around Labor Day 2019 and culminate in a bottom 40% down the last Friday in October 2019, some 56 days later. THAT is the time to be buying stocks. Buy when everyone else is fearful, and sell when everyone else is greedy according to Warren Buffett.



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