This is an interview with Howard Davidowitz of Davidowitz & Associates, a retail consulting and investment banking firm that was posted on Tech Ticker on Yahoo Finance.
He notes that during the Great Depression when the stock market lost 90%, we had two of the biggest rallies of more than 40%.
"People were sucked in and ultimately were destroyed," he says.
It's a warning to today's investors, who are hoping to extend the rally.
The article and video are posted here:
http://finance.yahoo.com/tech-ticker/article/312185/Obama's-Spending-Spre...
Thanks for posting this on YT. Couldn't find it for replay on TT>
BringBackCapitalism 2 years ago
This Davidowitz guy is okay, at least he tells you how it is. However he really doesn't have an answer. I mean its not like there isn't science to economics. We need pro science, pro industry, pro infrastructure and pro science driver project economics. Essentially New Deal. We have to make wealth people people can have it.
gosciu555 2 years ago