I don't know if that's realistic or not, but it seems to me that pretty much every time we see predictions like this become the conventional thinking the price has peaked (at least temporarily).
Disclosure: long oil and gas
The Strategy of Ben Graham – Warren Buffett’s Mentor
From 1923 to 1957 Warren Buffett’s mentor, Ben Graham, followed a strategy of investing in net-nets. He said: “It always seemed, and still seems ridiculously simple to say that if one can acquire a diversified group of common stocks at a price less than the...net current assets alone…the results should be quite satisfactory. They were so in our experience, for more than 30 years.”
Today net-nets are rare. They are collected under GuruFocus’ Net-Net Screener. GuruFocus also publishes a monthly newsletter which recommends the safest net-nets. All of these are included in GuruFocus Premium Membership.
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More) Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Feedback
European Shorting
My Portfolios
Browse Gurus
Print
Email
Subscribe RSS
RSS
This country is to damn reactionary. We need natural gas now!
I almost want to go into 100% cash because there could easily be another recesion coming.