SPYD - 3 Major Things That Are Nothing Like 2008
2024-05-16 10:54:17 ET
Summary
- Some permabears have projected that a 2008-like financial crisis is potentially on the horizon.
- However, some of the key sectors that triggered that financial crisis are in substantially better shape than they were heading into the Great Financial Crisis.
- However, there is one thing that is likely to lead to some sort of significant debt crisis in the future, the only question is when.
- We take a look at how things stand now versus 2008 in the paragraphs below.
My regular Seeking Alpha followers know that I have become quite cautious on the overall market since the early summer of last year as the negative impacts from ' higher for longer ' interest rates continue to mount. Although I have been accused of it on occasion recently, I am not a ' permabear '. I have ' backed up the truck ' and bought equities hand over fist myriad times over the past 40 years. However, that usually happens when most of the market is in panic mode and the S&P VIX Index ( VIX ) is soaring. The whole, you buy stocks heavily when ' there is blood in the streets ' investing mantra....
3 Major Things That Are Nothing Like 2008