Recession Coming?

[progree]

5. If I relied on financial "experts" I'd be broke, especially regarding market timing

Oh, I get newsletter offers all of the time about how Obama is causing the dollar to collapse, buy gold from ITM trading, etc because of the national debt, etc. Been going on for decades.

Eventually, yes, there will be another recession. There always is. The P/E ratio has been above historic averages for years, but a big part of the reason is that there is little competition from bonds, with interest rates being at around historic lows.

Yes, this bull market is long in tooth, but it was long in tooth during Obama's last years too. But who knows how long it will last? Nobody at Morgan Stanley or Goldman Sachs or any other fancy dancy place knows. We had an 18 year bull run from 1982 to 2000, one never knows how short or long these things will be.

Most financial advisors and brokers will tell you whatever they think will induce you to make trades.