Genie Us wrote:
OK, let's give you a fair trial here. Show me how you produced this: "Why will markets always go up?..." by "copying and pasting my comments.
Ready...go!
"But all in all the markets will go up because we live in a capitalist society and capital making more capital is kind of the point. Owning shares puts one on the winning side which is generally preferable".
Did you really need me to do that? You cannot recall your own comments?
Clearly you are stating and are of the belief that, given a large enough time interval, markets will always go up. If not, then how would owing shares put you on the winning side.
By the way, you left out a key part of my comment:
Why will markets always go up? What time frame is required for this to be true?
I never claimed that you said the markets would always go up as in every day. I stated that you believed they would always go up given sufficient time.
You do believe this, no? And if so, why are you now trying to deny you said it?
Which gets us back to my request for a simple explanation as to why markets, over time, will always go up. And flip replies like Econ 101 and read Adam Smith obviously are not an explanation; indeed they indicate that someone does not know why they believe this.....back to my point that you free market believers are religious rather than rational.