Racket wrote:
agip, I will settle with you. You are something of a perma-bull because you have enjoyed the past 10 years in the market. I'm a millennial, so I haven't. I would love to have a 2008 to start getting invested instead of buying bullsh!t sometimes lucrative OTM calls and puts. As such, I'm more of a bear. I will join you on the perma-bull side when the Dow loses 50% and I buy 10 houses at foreclosure sales on a massive dip and ride it to untold fortunes
look. If you're a millennial, you have 30+ years to make tons of money in the stock market. I'm in my 50s.
We've all had problems with the markets.
I've had to deal with the '87 crash. The 91 recession and bear market. The dot com crash. 9/11. The financial crisis. I stayed with it, for the most part, and I did well.
Yes, you will have to deal with massive problems in the next 30-40 years. That's how the world and investing works.
What DOESN"T work is sitting and moping and saying 'woe is me, I was born at the wrong time, bad luck, I'll never make any money in the markets.'
Yeah, this time could be different than other times, and we could be in a japan style implosion. But probably not, with all the great stuff going on in the world. Never forget that billions of people have come out of poverty over the last 20 years. That is the most earth-shaking event since WW2. It is highly, highly bullish.