Four Things Doom-and-Gloomers Got Totally Wrong
Opinion: Their predictions — from Dow 1,000 to $5,000 gold — are dangerous
by Howard Gold
Market Watch
Like sex, doom and gloom sells.
It draws viewers to TV, eyeballs to websites and buyers to books from “Crisis Investing,” published in 1980, to “Surviving the Great Depression of 1990” to “The Collapse of the Dollar and How to Profit from It” (2008).
The financial crisis and Great Recession created a bull market in doom and gloom. But nearly six years after Lehman Brothers’ collapse, the worst hasn’t happened — unless you consider a 180% advance in the S&P 500 Index a disaster. Which it was, to those who avoided U.S. stocks because they believed the doom-and-gloomers.
So, now, enough time has passed to label certain outrageous forecasts as just plain wrong and to call out the people who made them.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2014/05/four-things-doom-and-gloomers-got-totally-wrong/?utm_source=rss&utm_medium=rss&utm_campaign=four-things-doom-and-gloomers-got-totally-wrong
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