Ghost of Igloi wrote:shill,
(1) My experience few will be patient once we head south, and this time is not different.
(2) Why am I so sure? Pretty simple, stocks are investments, it is in the math. At these levels the only return comes from trading, or a ten year holding period and collect the dividend.
Igy
(1) I agree a lot of people will lack patience. Personally, I rode out both those dips without tinkering with my portfolio. I have already admitted the sphincter was puckered tho... :-)
(2) Well, you said the same thing two years ago, and we are up > 8% since then (in spite of the two big dips along the way), and right now the markets seem to be hyper-enthusiastic about your new President Buonaparte... I feel like there's a pretty good chance your doom and gloom scenario will come true when we all wake up and realize what you all have done, and then we might face a lot of financial (and other) pain. But in the shorter term, I feel like you are going to be fighting off snide criticism of your pessimism for another 6-18 months.
My global warming predictions have been kinda "meh," but I DID call your election result, grudgingly, to friends and family for over a year. I'm an oracle! :-)