As the world economy slows down and deflation takes hold you can still hear "Buy on the dips"
It seems to me that we are in the first inning of a very severe bear market which is why you're are still hearing the mantra this is a "buying opportunity. Many experts are stating the bull market is alive and well and to be greedy when others are fearful
No one wants to see the party come to an end but that's what I see as China sputters out and commodities tank.
Anyone close to retirement should get out and sit back. This bull market was the 3rd longest in U.S. history and if you got in early then you made a lot of money.
I sometimes wonder if the Financial Crisis ever ended and only because of QE were we able to stay on our feet. Main Street hasn't got off on any of the QE and the FED will not be able to raise rates for
possibly years especially if we see a sharp correction this year as I expect we will.
The bottom line is opportunities abound if you know where we are headed.
DON'T BUY ON THE DIPS
As always these are just the ramblings of a man trying to interpret the shadows on the wall and should never be taken as Financial advice.
PS I should add I'm very bullish on India and so Fairfax Financial and Fairfax India are long term holdings.
