Much like the Great Depression did to the “Greatest Generation,” the financial crisis of 2008 seared the souls of millions of investors. Almost six years after the collapse of Lehman Brothers, professional Cassandras never ceased predicting that the next economic meltdown and a stock market crash is just around the corner.
After all, U.S. stock markets have been in a classic bull market for over five years now.
Instead of gold hitting $5,000 an ounce and the Dow Jones collapsing below 1,000, the S&P 500 has risen 189% from a low of 683 on March 2, 2009, to yesterday’s close of 1,971. The Nasdaq closed yesterday at its highest level since early 2000.
And that’s with the most anti-business U.S. administration since the days of Woodrow Wilson.
Read more about the cases for and against an impending market collapse at Eagle Daily Investor.