The moment we’re all waiting for is coming…

Our kids and grandkids will never have to worry. Stocks will be so cheap, it won’t even matter what you buy. As I’ll explain, it could be the start of a 17-year "tailwind" in stocks…

When I first came up with the table below many years ago, I didn’t actually think we had a chance of it coming true once again.

This table shows you how stocks go through generational cycles, lasting roughly 17 years… One generation learns to love stocks. The next generation learns to be disgusted by them.

My grandparents lived through the Great Depression. The experience scarred them so dramatically, they never bought stocks, ever.

My parents’ generation lived through the Great Stock Boom, spanning most of the 1980s and the 1990s. Ten years of negative returns haven’t killed off their faith in stocks yet… It’ll be tough to convince them they’ll never make money in stocks. (Another five to seven years of terrible times like now… that should do it!)

Is today the stock market bottom? Has the fear reached its peak right this second? Or will the fear get worse, and will the stock market bottom five years from now?

Unfortunately, I don’t have the answer to those questions. But we do know stocks will find a bottom. We are closer to a bottom than a top. And we are closer to a historic buying opportunity than a historic high.

I will be a buyer again when the uptrend returns. I define the return of the uptrend as when the S&P 500 closes a week above its 45-week moving average. (History shows this is an incredible indicator, good for double-digit annual gains in stocks.)

This could take five years, or it could happen tomorrow. Here’s where we are now:

My generation may end up like my grandparents… swearing off stocks forever. But that will be the wrong way to go. Chances are excellent that my kids’ generation will have the luxury of a seventeen-year bull market, an epic tailwind.

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In the worst case, a great bull market – where you could buy and go to sleep and still make money – should begin sometime in the next five years.

In the best case, we’re almost there already. I’m seeing more cheap and hated opportunities than I ever have in my career. I’m just waiting on the uptrend.

I will let you know when the uptrend returns, and it’s safe to go back in again.

Good investing,

Dr. Steve Sjuggerud
Daily Wealth