James Stewart of the Wall Street Journal and Smartmoney writes an interesting article that posits how the outlook for stocks would be if we were actually in another Great Depression - in other words, at this point during the beginning of the Great Depression how would have asset classes performed going forward. Stewart answers this and the results are quite stunning.
I'd have to say at this point that we aren't in a Great Depression and aren't even close to one. At least part of that feeling is anecdotal, the malls are packed every time I go there.
The linked article is very interesting and hopefully provides additional perspective.
Scott Dauenhauer CFP, MSFP, AIF