"It's tough to say when the markets will bottom, but unless the world is entering an economic depression, history suggests that stocks don't have much further to fall."
Do statements such as this one, noted in this week's Barron's, make you feel better about the market? I didn't think so.
The problem with this statement is, well, everything. If it's tough to say when the market will bottom, don't say that stocks don't have much further to fall. Oh, and by the way, the world IS entering an economic depression. As far as history, what good is a history so short and so unrepresentative that it contains only one event (the 1930's depression) that's remotely relevant to what's going on now? Need I say more?
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