Loading ...it took years for it to bottom.I was in cash from 1969 until Jan 1975 . I was busy starting a new business. I saw the bottom in jan 1975 and was walking into my office to call my broker Wesley when the phone RANG..A voice said Vincent do you see what I see ,Yes I do ..It was Wesley we had the same vision withen seconds apart after being out of stocks for some years.
“I got some ideas” he said..and that was the beginning of a 13 year Bull Market that ended for me in crash of 87..
I suspect this bull will take years to bottom just like then..PE ratios of dividend paying stocks were at 5 …A complete shake out!..I bought one stock in 1975 at $5.00 and they had $11.00 per share CASH in the bank …thats a real bottom.. Bottom fishing was the bargain of a lifetime…Its going to be a long way down probably take 7 years ..that is if the economy dosent go with it..then all bets are off…