Stock market will take thirty years to recover
Joe Weinman
Sep. 18, 2008

Many so called big mouth financial advisors are asking investors to go aggressive and buy stocks at this stage. It can be catastrophic to even touch the stock market at this stage. Dow Jones Industrial Average is headed towards 6,000 by end of 2010. It resembles the Japanese stock market in 1980s. The Japanese economy went down the hill because of relentless borrowing by the Government and the private enterprises. The US economy is in stagnation with higher than average inflation. The economic fiasco started in 1981. The supply side economics of treating employment as welfare is finally getting proved as voodoo economics. The problem with the economy is the lack of confidence among the entrepreneurs.

The stock market is in a slow but steady long-term bear market. In inflation adjusted real terms, the US stock market will fall close to 90% from its peak before staging a new bull market. The bull market will come around 2040.

In the meantime the 100-year banking cycle top is in place. Major banks and financial institutions will continue to fail. No matter who is the next US President, the new US Administration will be forced to keep; nationalizing’ the financial institutions for the next fifty years.

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