People get all concerned about the stock market crashing and everyone falling into a great depression. Here at MONEY BLOG we say, “BULLSHIT” to all that. The truth is in the numbers, and the numbers don’t lie.
Remember that BRK.B we told you about? On June 25th it was at $2,802.00 a share, and right now it’s at $2,892.97 a share. And that is after today’s bleak payrolls report mauled Wall Street! MARK THESE WORDS: The Bull Is Back.
But Berkshire Hathaway is just one example. Let’s look at the bigger picture. This is the last year of the Dow Jones Industrial Average:
Yeah, it dipped, but this isn’t cause for concern, this is cause for ACTION. What comes after a dip? A steep and steady incline into profits! That previous high wasn’t some anomalous bubble. It was the peak of a steady incline that was sabotaged by greedy mortgage brokers trying to cheat the system. Now we’ve got Obama and Co. riding in to set the wrongs right, and if you don’t hurry up and hitch up to this rising star you’re going to be left in the dust. Look at the past five years:
Does that look like a bubble to you? I’ll show you a bubble. Let’s take a look at the dot com fiasco. This is the NASDAQ Composite from 1990 to 2002:
BOOM! That is a bubble. And you know what? I’ll take it. Why? Because even after the bubble burst, those that held onto their stocks were better off. Look at this:
The nature of the market is an upward trend. It’s a fact. It’s truth. It’s Truth. It’s TRUTH. The time to take advantage is now, because we’re seeing a deep slump based on fear. As the great Oracle of Omaha said, “Be fearful when others are greedy and be greedy only when others are fearful.” Now is that time. Be greedy. Make money.
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