Reply #23: I know a financial advisor, a Republican, who is saying the same thing [View All]

[paulk]

As if the stock market indicates anything anymore.

One thing these people are missing is where that money being invested in the stock market is coming from - Bush's tax cuts provide a stimulus that can only last so long. The Clinton boom came from a lot of middle class people who, once burned, are going to be twice shy.
In my own situation, our household income is one-half to (right now) two-thirds of what it was five years ago. There is no left over money to invest in anything. And the money we did have in stocks got cashed out (at a loss) to pay for debt. I doubt I'm alone here. Things really ain't what they used to be.