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  Posted on: Thursday, December 4, 2008
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Your Piece Today on Postwar Market Bottoms

   
 
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To me, the question is whether there will BE a cyclical market bottom this time.A case can be made for stagnation,with a deflationary bias.lasting many years,along the lines of Japan's experience.The enormous interference in the working of the marketplace by Washington ,to me, raises the odds on such a dismal outcome.Don't think I'll be betting my money on a typical cyclical market recovery for years.What do you think?? In any case, isn't it nice to have been right in the end??!!CHEERS BER
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