yougottabekiddingme wrote:
Flagpole wrote:I will hope that you are right.
Maybe they were mocking, but there are people who do exactly what you don't understand (waiting until it goes UP to a certain point before buying in). Agip is one of them.
That was me, and I was mocking the market timers. I had dug up the 17K remark that I'd posted as Lemons back in the beginning of May and gave it a bump. 75% of my worth is in equities. Haven't blinked through any of the past corrections and don't plan on changing that position.
I too know people who wait until the market has momentum before getting in. They get out after a correction, wait til it runs back up, then get in while it's hot. They're not stupid people either, but somehow I think they're forgetting to carry a one somewhere when they're calculating how their formula for investing is paying off.
Not that I'm arguing, though, because they help to drive the market to greater highs, which is still a bit of a thrill to be along with for the ride.