sorry...mistake.
If you had bought near the bottom of each downturn you would have doubled your money on a rebound which seems come about roughly every year.
Question is .... are we near the bottom in order to be set up for a rebound. My feeling is that we maybe.
Reason...Bookvalue (64c) is 50% above price.
Feel free to say I am talking through my ass but please say why. Thanx