Originally Posted by
Baa_Baa
You'll remember 1987, if I recall correctly you've referenced it as a defining moment in your investing lifetime, triggered by rampant inflation which seems just around the corner, albeit this time backed by inconceivable public and private debt. It's never quite the same when it turns to custard, but as some smart person said, history rhymes if not repeats.
However as history shows you can just as easily ignore the rhetoric, and all the doomsayers and the loony chartists because it always comes right in the long run, doesn't it. As long as you own quality. Quality might be defined as the businesses that continuously grows their earnings, making sustainable profits, rewarding their investors, even in completely fecked markets.
It's been a long time since these basics have had any material bearing on investor decisions.