Replies to post #1895 on iPath S&P 500 VIX Short-Term Futures ETN (VXX)

[Pro-Life]

Milton Berg: "We Are On The Cusp Of A 30 Year Bear Market"
Submitted by Tyler Durden on 05/12/2016 - 14:39

http://www.zerohedge.com/news/2016-05-12/milton-berg-we-are-cusp-30-year-bear-market

Here is the reason why Berg believes you can invest in the market today, go to sleep, wake up thirty years later and have made no money...

"Well, it is not unheard of in history. As you know there was a bear market in bonds lasting maybe forty years that began in the mid-40's and ended in 1980. We've had a twenty, twenty five year bear market in Japan going back to 1989. We're the most overvalued market in history, there's more leverage throughout the world than there's ever been in history, central banks have lost all their ammunition, basically because there is so much credit outstanding throughout the world. It's not unheard of to have a long-term bear market. There will be a lot of money to be made both on the downside and the upside within the bear market."