现在是70年代的重现。 美国股市70年代的大熊市被忘记了。

It is 70's again. The same crisis, same cause, same syndrome, hopefully possibly same way out.

huge war spending boosted the stock market in 60\s. All a sudden, the money influx stopped. Then a resession lasted more than 6 years. Dow Index fell from 1000 to 500.

During that years, no matter how cheap the price and how good the company  is , nobody buy any stock.

It was very very good time for investment.