the first signs of the long term bull market
You forgot something in our thesis. 16.5 Trillion in debt and growing at 1.5 trill a year. Germany about to roll over on European woes. Political stalemant. Nothing like 1982
I think we are in the beginnings of a truly long term (17 more years) bull market. This is just like back in 1982. I like to look at 1978 as another critical starting point.
All the makings are in place:
1. low interest rates
2. public not yet invested
3. bond market beginning long term secular bear
4. nowhere else to put your money to beat inflation
I've a buy limit order on VXX at $17 in case we don't.