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Investing in a Depression

March 28, 2009 | About:

Even if stocks drop another 15% to 20%, they are likely to at least double from their current levels over the next five years. Trying to catch the market bottom is a loser's game.

Let's not sugarcoat what's going on. We are in a depression, not a recession. It continues to devastate industry after industry like a wild forest fire leaping across the clearings. First mortgages, then money market funds and commercial paper, then credit card debt came under assault. Layoffs and price collapses have spread from autos and auto parts to other industrial companies, metals and oil. GM, Ford and Chrysler have been problematic for years, but this is different. Easy credit has been the lifeblood of automakers, and today very few people can finance cars. Even Toyota (nyse: TM - news - people ), the master of kaizen (continuous improvement), posted an operating loss in 2008, its first in 70 years.

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DANGORDONEPS GROWTH 1Y 5-29-17
DANGORDONEPS GROWTH 3Y 5-29-17
DANGORDONEPS GROWTH 10 Y 5-29-17
DANGORDONEPS GROWTH 5-29-17
DANGORDONEPS GROWTH 5-28-17
Jefulford2 P/Es under 10
HOLKLSUMini Group Low Shiller P/E
doonich5% within 52wk
JefulfordNegative EV
JefulfordP/graham <0.5
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