What Happens Next?

MJG

Hi Guys,

Morgan Housel has just released an article titled “What Happens Next?”

Nobody has the definitive answer to that question, but Housel does a terrific job at examining the statistics from several perspectives.

If Ted already posted this Link, I apologize. Regardless, it is so informative that it is worthwhile repeating for emphasis. Here is the Link:

http://www.fool.com/investing/general/2015/08/24/what-happens-next.aspx?source=iaasitlnk0000003

One main takeaway is that patience and a cool head are well rewarded historically. We always rebound well. Enjoy!

Best Regards.

Old_Joe

Thanks MJG- a good common-sense article, written in plain English for us statistical dunderheads.

Ted

@MJG: I seldom, if ever link anything from the Fool.Com. I find the Gardner boys nothing more than fools !
Regards,
Ted
https://www.google.com/search?q=tom+gardner+motley+fool&biw=1280&bih=585&tbm=isch&imgil=LmzzvQIxIgb85M%3A%3B1BwhOrTajLfMSM%3Bhttp%253A%252F%252Fwww.consciouscapitalism.org%252Fcc2013%252Fspeakers%252F498%252Fitem%252F523&source=iu&pf=m&fir=LmzzvQIxIgb85M%3A%2C1BwhOrTajLfMSM%2C_&usg=___pxvJSLqoxq4m-uXQ8msFYVZJm4=#imgrc=_&usg=___pxvJSLqoxq4m-uXQ8msFYVZJm4=

davfor

Thanks MJG. There is a saying sitting next to my computer that reads "In Prosperity Be Prudent. In Adversity Be Patient." That's a similar message. It would be interesting to see the chart and graph extended to take in 100 years so the 1929 and 1937 declines could be included. That would provide a more complete picture of the kind of patience that doing nothing occasionally requires! And, its not clear to me central bankers will be able to keep that kind more extended decline from a prior peak from happening again.