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Walk The Talk - Mark's Article July 2009

Are we at the bottom of the cycle yet? Nobody seems to know for sure. But there are really only three different scenarios that may occur. Economic conditions improve, worsen or stay the same. But even if we are at the bottom of the cycle, then history suggests that we are unlikely to go straight up again. I have never known a recovery to bounce off the bottom. So this leaves either more downward movement, or things staying largely the same.

Opinions vary on which of these are correct. One notable advisor forecasting further falls is Harry S. Dent. Dent suggests that further falls are coming, particularly from a US perspective.

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