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Even in depressions, the majority of the population are going to be purchasing the basics(food,gas,medicine) so I'd expect those to remain semi-stabile.
I was lucky during the downturn having money in GE(small dividends but stable), Calamos(good in hard times) and Fidelity International(to play the field).
I was also unlucky by putting most cash in RE because after getting screwed in so many ways by banks, I wasn't going to pay them a dime in interest. I was fiscally conservative while the world gambled on hookers and blow, got repaid, and sunk the market around me.
Lost big-time on that, but still breathing and eating. Life could be worse.
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