nickyjames.
Time will tell who is right, and I do like you chart, makes sense to me. It feels like we didn't recover from the GFC yet, haven't written off enough debts and let companies go under. Instead, we have pumped in loads of cheap money, dropped bonds and interest rates to zero, and given free reign to cheap money.
What I was saying, is that your graph shows we had the 60% drop already in 2009-2010, and yes, it rebounded quickly, but we have more traders and computers running the show, faster falls and risers. How do you know the GFC wasn't the event you are referring to, and this is the recovery with cheap oil and the start of a bull market?
$30K to invest ...SMSF ..Ideas? 2 years to retirement., page-38
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