I’ve posted Entry #48 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called The Second Great Depression Cometh.
Juicy Excerpt: Stock prices reached fair value levels in early 2009. Had economic and political leaders taken efforts to stabilize stock prices at those levels, there would have been no Second Great Depression. We would be in the early stages of a recovery today.
Unfortunately, our leaders took it just the other way. They talked stocks up, playing once again to the Get RIch Quick impulse within all of us that caused the crisis in the first place. And we fell for the line once again. Stocks are today once again at dangerously high prices.