CELEBRATE! wrote:
CELEBRATE! wrote:
Happy Longest-Bull-Market-Ever Day!
My congratulations to those of you who took advantage of this historic opportunity, and my condolences to those of you who missed the boat.
Bump!
I think the point is, the current level of the market is not sustainable. Nor was it several years ago, so besides the short term 14% drop (which was just somewhat shy of a much proclaimed 60% bloodbath) and was followed by a rapid rebound and further rise (substantial rise, to be fair), it is even less sustainable now. So, those who would celebrate their misguided good fortune, are celebrating nothing more than their own blind ignorance - no, blatant greed - because the market will return to historic metrics based on valuations from years ago and those holding said securities will either witness their unrealized gains disappear and suffer further losses or will somehow manage to dupe others into buying their grossly overvalued shares because we must simply face the fact that those overvalued shares are a liability and not a cause for celebration.
On top of that, sprinkle a spattering of guilt because not all sections or our demographic have participated equally in these illusionary gains and you might as well save your congratulations and start handing out dunce caps instead.
Did i get that right?