Klondike5
Flagpole wrote:
[quote]Klondike5 wrote:
Unreal.
You have lots of equity holdings while the Dow is at 15,500, it drops to 7,000 as you suggest, and you lose well over 1/2 the value of those holdings.....and you say you hope it does.
You really are deluded
Like a superball, the further and faster the market drops, the higher the bounce.
Wow. You really are nuts. Like when the market collapsed in 1929 -- fastest recorded time -- and it bounced back so high and so fast it only took the Dow until the mid 1950s to return to its height in 1929 -- unadjusted for inflation.
You have drunk deeply of the investment companies Kool-Aid.
For me, if I think a meltdown is coming -- I get the hell out. Maybe I will be wrong, but I am 2 for 2 so far (got out late in 1999 and missed the 2000-2002 crash and again early in 2008).