Downturns generally end in capitulation. Wonder if we are anywhere close to it with the market in the last few days. I don't see this bear market being anywhere close to what 2008 was as banks are not nearly as exposed to bad oil loans as they were to the mortgage fiasco.
Plus low oil prices should be a shot in the arm to the economy, not a drag like lower house prices. The next bull should be much more robust than the currently ending one.
Plus low oil prices should be a shot in the arm to the economy, not a drag like lower house prices. The next bull should be much more robust than the currently ending one.