Flagpole wrote:
Some of you will just say "Well, of course it went back up 6 years later" or however long it takes to head north again. Well, then what are you all arguing with me about? Positive territory in 5-7 years -- fine by me. Some of you have declared decades of flat or negative markets, and that's just flat wrong. I'll point you out when the time comes -- not for any kind of revenge -- it will just be funny.
It's all relative, isn't it Flagpole? Flat or negative relative to what level? The 14,000, 13000, 12000, or 11,000 levels where you also championed stocks or even the 9000 when you started this thread? Or, will you twist the argument yet again so that if the market actually does fall to 5000 or something worse, then of course there probably won't be a flat to negative return from that level over a decade, though there could be? Positive in 5-7 years from a level of 5000 isn't quite the same as from 10,000 now is it? Of course, if the Dow is at 8000, you will say, "See, I told you." But, in reality, you are behind the eight-ball from where you started this thread even.
By the way, who has DECLARED decades of flat to negative markets? Nobody has DECLARED that. They have simply said it's a risk, and frankly, we've ALREADY lost a decade. 12 years actually, and even more when you adjust for inflation. 5-7 years is the immediate time frame for me as well, and I see stagnation. And, if we don't handle it correctly as the market is clearly telling us we're not, then it could be much longer. I do see the Dems getting thrown out of Congress in 2010 though, so that would be a positive.