It was years ago, in 1999, that a devout Catholic investment expert began telling his clients -- for whom he managed $100 million in equities -- to start getting out of stocks: that there would be a long-term downturn like the 1920s and 1930s.
Researching historic cycles, Peter Bruno (a multi-millionaire himself), who owns Wall Street Money Management Group in Boca Raton, Florida, saw the market topping soon -- and then plummeting.
One reason: like the 1920s, there was a boom in technology stocks (back then it was radio, agricultural inventions, canned food, household appliances, and automobiles), and like the time period, it was going to go bust, he feared -- which it did...
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