12. They didn't know it was a Depression until 1933?
One would think it was pretty obvious starting around late 1929.
He's acting like Depressions just sneak up on everyone and they have no idea it's happening for years after it happens.
"The great mass of investors are now super bullish, along with most advisors"
Really? Like who? Most advisors I've seen published are talking about a 6-10% year for the S&P. That's about as "blah" average as you get. Far from "super bullish".
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