I argued that no matter how impressive the attempts Growth was trying to stage, it was still failing to upstage Value as the new better performer.
I made a simple argument why, for many of you, a deeper crash would be a blessing and not a curse.
While the market rallied against my desires, in the end, I was right: Overall, you might be able to delay the inevitable, but invariably by doing so, you make the bad worse.īack in May, I wrote that I hoped the market would crash deeper: Their success rate is questionable, depending on the metrics you decide to weigh as important to evaluate their performance. It aims to keep the good time rolling as long as possible, then it aims to "soften" the pain of the bad times. To do this on a nationwide scale, the United States has created the Federal Reserve, which attempts to tinker with the economy in a general way, not specific to any one area or sector, but through interest rates or other financial manipulations. However, as we naturally do as humans, we attempt to elongate the good times to delay or avert the potential hard times as much as possible. When it comes to the overarching economy, we also recognize that it, too, operates on a cycle. They all have expected boom and bust periods of time. We've long been told that many things are cyclical. It's rare in life that we recognize at the moment that a bad situation can actually be the foundation of something good.
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