Another Eloquent Case For A Secular Bear Market
Right now being bearish is nothing more than being realistic.
– David Hefty, Cornerstone Wealth Management
I’ve never heard of David Hefty before but he makes a solid case for a secular bear market. He emphasizes three big problems: resets an adjustable rate mortgages, the crisis in California and the Obama administration’s policies.
Also, note what a loser Mark Haines is at the beginning – being disrespectful to the guests as usual. I forgot to put him on my list of CNBC idiots. He’s near the top.
On a secular bear market also see:
“Top Gun FP Client Note: A Secular Bear Market”, Top Gun FP, July 7
“David Rosenberg: We’re halfway through a secular bear market”, Top Gun FP, July 7
“What A Secular Bear Market Is And Why We Might Be In One”, Top Gun FP, May 7