First published on October 29, 2008. Not much has changed. --------------
Regardless of what others might say, there is no quick fix for the global economy.
To illustrate this point, a friend of mine recently sent me a chart which I would like to share with you. This charts shows that we may be going into a prolonged period of no growth in the overall stock market. The NASDAQ peaked at 5,132.52 on March 10th, 2000. The NASDAQ market is in many ways more important than the DOW, and should be considered more of a leading indicator. If that is truly the case, then we have been in a bear market for the last eight years. Continue reading "Poll: Is 100 years of capitalism coming to an end?"
