Warren Buffett Forecast 17 Lean Years (2000-2017)
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I've attended a few talks about “Investing like Warren Buffet” but have never heard these speakers talk about US Stock Market Cycles mentioned by Warren Buffett.
Are you a value investor like Mr Buffett? Do you know or understand Stock Market Cycles?
Do you know the definition of “Investing”?
Mr Buffett said “investing is laying out money today to receive more money tomorrow”. If the Stock Market is going nowhere for 17 years, are you investing if you buy and hold long long? Wah, more than 17 years, maybe!
“Mr Buffett observed (reported in Fortune Magazine in 1999, 2001, 2002) that the Stock Market went practically nowhere between end of 1964 to 1981. Then it boomed from 1982 to 1999. Observing the cycle of 17 fat years and 17 lean years (Bible and Joseph Cycle state 7 years), Mr Buffett forecast that 17 years from 2000 to 2017 would likely be lean as well.”
A handful of “Gann” experts had been talking about this 17 year cycle in US Stock Markets. Wah, also starting from 2000!
Lookout for Part 2 -The 17-Year Stock Market Cycle!
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