Quote:
Originally Posted by Realtor 1
This American theory that the market has to crash to correct itself is a joke.
Why can't the market correct itself a few percent this year followed by 1% growth for the next 5 years. Why can't the market correct itself a couple percent over the next few years? Why does it have to "fall off a cliff"
Reading the comments in the article, all the American posters fail to realize the difference. Their economy didnt correct itself - a system that was flawed from the start and and needed some time to be exposed. Their economy was essentially "busted". Our government has a much more involved approach with rules/regulations. We are not 100% safe from a crash but writers like this come across as if there is 1 option and that is a complete collapse of our economy.
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I don't know much about the market but this sort of makes a lot of sense to me. Why is a crash called a market correction? Can't a market correction just be a much slower growth over a long period of time?