Really? Based on the continuous stream of fatalist articles you keep copying and pasting all over this website (this being the lone, but most likely facetious, exception), I figured you for an avowed anarchist - hoping to inspire panic and rooting for the downfall of the New World Order!
The author of that article is using old 1990s thinking to project into the future. What he fails to notice is that the next generation will be competing with an additional 1 BILLION global workers that are paid a fraction of a US salary. Not much discretionary income to dump into the stock market. This generation is watching their parents lose their 401Ks and home values. They will view the world much differently after this crisis.
I agree with you......the capitalist in me then says "Great! Less competiting dollars for finding good investment value". Maybe then we can stay out of boom and bust cycles for a little while.
If I'm an anarchist, Michael Bloomberg must be, as well. I'll adorn myself in that black flag and proudly proclaim that the 'A' stands for 'aware.' Here's a t-shirt I'm going to send you for free:
Good one. As a former investment banker, I would never invest a nickel in an investment bank (of course, there aren't any public pure investment banks left anymore).
It was quite a while ago......Drexel Burnham Lambert in Beverly Hills.....the infamous junk bond machine.
True... the market stampedes of the past will be gone for awhile. I think we are witnessing the last of the stampedes - both in and out of markets. Great trading environment right now, but in another 5 years or so, it will be slow steady growth (hopefully).
Yep, that's exactly my thesis as well. Trade the volatility while it lasts, because it won't. Things will eventually settle down.