People, lighten up. It’s only money. I’m talking to you too, Donny.
The government will simply print more. It’s job is to make us rich comrades, while they take over all the banks in the United Socialist States of America.
So, open up another Pabst, kick back in your pleather chair, reminesce about on the good ol’ days and drink it all in.
Seriously, you can still make money in a bear market—just be a bear.
You can even be a bull in a bear market. As long as you’re a part-time bear, you can still make money.
For you perma bulls out there who right about now, are getting ready to slit your wrists, I appeal to you. All is not lost.
I was recently perusing through my library of books on the market. Did you know that…..
The worst 12 months for the market was from June 1931- June 1932, when the market lost -67.6% ?…..the next 12 months, it was up 131.3%, the best 12 months ever.
The next worst 12 months was from March 1937 – March 1938, when the market was down -49.7%. The following 12 months saw it gain 17.3%.
Finally, the third worst 12 months was from May 1930 – May 1931, when the market lost -43.9%. Do you know what it returned the next 12 months…..
…. -58.5%
Ooops. Nevermind.
You get the point.
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