Market Down Next 20 Years

An entire generation has lost faith in the system. This ain't like 1929. This market crash was caused by criminal activity, criminality that was approved by government. The people will not invest in stocks again during my lifetime. There is something about being cheated that eats at the soul and none of us will ever forget this. The integrity of the system will take a decade to restore and then people will be far too wary to make this market "come back." Default Swaps, GSE's, REITS, and all the rest will become the stuff of history, bad history.

The people were sold risky stuff when they were told there was little or no risk, that a Credit Default Swap was just a Treasury Note under a different name, and a buy on dips. They ain't coming back. They worked hard and played by the rules in a game that was rigged.

Share the wealth? What I'm hearing from the folks is "It's our turn," meaning that they don't give a fuck about taxing the rich and wrecking the economy. Their economy has been wrecked for a decade. They're all for defining what rich is, cleaning them out, and jailing them.