or Michael Stipe? It's the end of the world as we know it. It's the end of the world as we know it. It's the end of the world as we know it and I feel fine.
19% at it's peak in 1938. 54% and still falling isn't all that rosy to me. I'm buying a little, but only a little. It could drop another 30%, amigo. Most people don't see any rebound before 2011.
The Slide started in 2007 -- Bush's watch. The Crash was in 2008 -- Bush's watch. The bottom will be on Obama's watch . . . and the recovery, with luck.
This coming from the guy who argued to me that the stock market at 9,000 was a great buying opportunity?????
No. Unemployment hit 25% in 1933. It rose to a peak of 37%. It is a lot better than 90%. Warren Buffet lost 5.2 billion and is still buuying. You are also a lot older than I am and have to be more diverse in your investing. I am going to be all equities for now. Just because this thing may fall to 5000 or lower does not mean buying at 6500 is bad buy.
All market drops are buying opportunities. 14,000 down to 9,000 is a buying opportunity. 9,000 to 7,000 is another. Since it is impossible to time the market, I buy in small portions on the way down, then I'm invested at the bottom to take the profits in small portions on the way back. But you have to pick companies that are basically strong and are almost certain to rebound. The bottom is the worst place in the world to be selling.
