3 ms·

I think I remember seeing similar comments in 2015, 2016, 2017, and 2018... Snark aside, if your timeline is more than 10-15 years, why should you worry at all

by jowday 7y ago

I think I remember seeing similar comments in 2015, 2016, 2017, and 2018... Snark aside, if your timeline is more than 10-15 years, why should you worry at all about recessions next year? On a long enough timeline, a recession is just a great buying opportunity.

0x8BADF00D 7y ago
Did you miss 2001-2008? Or are you being purposefully deceptive.
- joelx 7y ago
  Bezos appears to believe the market has peaked and has sold $3b in Amazon over the last week.
  - dredds 7y ago
    Are you certain it's nothing to do with the divorce or Blue Origin, etc?
  - melling 7y ago
    He sells stock every year. He still has over $100 billion in stock.
- thaumasiotes 7y ago
  >> if your timeline is more than 10-15 years, why should you worry at all about recessions next year? On a long enough timeline, a recession is just a great buying opportunity. > Did you miss 2001-2008? Or are you being purposefully deceptive. This looks more like you being intentionally dishonest. I took DJIA figures from http://www.fedprimerate.com/dow-jones-industrial-average-history-djia.htm http://www.fedprimerate.com/dow-jones-industrial-average-his...: January 2000: 11,722.98 December 2001: 10,021.57 March 2003: 7,673.99 October 2006: 11,850.21 (beating the high of 1/2000) October 2007: 14,164.53 March 2009: 6,507.04 December 2010: 11,577.51 January 2015: 17,164.95 Here we have a 15-year period which starts at the high price before the period you "called out". What are we supposed to view the low points as, if not great buying opportunities? (Also, it's pretty apparent that 2001-2008 doesn't make sense conceptually as a single period.)
  - new2628 7y ago
    Not sure, what to take away from this list of numbers. From 2000 to 2010 I see a lost decade, with the index back where it started. You added the note "beating the high of ...". why not add two years afterwards "beating the low of ...", etc.
    - thaumasiotes 7y ago
      I added the note to October 2006 because that was the only reason I included it in the list at all. It wasn't a high point or a low point, just the middle of a long rise. March 2009 is a low point.
nguoi 7y ago
Because that recession might turn into another Nikkei

by jowday 7y ago

0x8BADF00D 7y ago

Did you miss 2001-2008? Or are you being purposefully deceptive.

joelx 7y ago
Bezos appears to believe the market has peaked and has sold $3b in Amazon over the last week.
- dredds 7y ago
  Are you certain it's nothing to do with the divorce or Blue Origin, etc?
- melling 7y ago
  He sells stock every year. He still has over $100 billion in stock.
thaumasiotes 7y ago
>> if your timeline is more than 10-15 years, why should you worry at all about recessions next year? On a long enough timeline, a recession is just a great buying opportunity. > Did you miss 2001-2008? Or are you being purposefully deceptive. This looks more like you being intentionally dishonest. I took DJIA figures from http://www.fedprimerate.com/dow-jones-industrial-average-history-djia.htm http://www.fedprimerate.com/dow-jones-industrial-average-his...: January 2000: 11,722.98 December 2001: 10,021.57 March 2003: 7,673.99 October 2006: 11,850.21 (beating the high of 1/2000) October 2007: 14,164.53 March 2009: 6,507.04 December 2010: 11,577.51 January 2015: 17,164.95 Here we have a 15-year period which starts at the high price before the period you "called out". What are we supposed to view the low points as, if not great buying opportunities? (Also, it's pretty apparent that 2001-2008 doesn't make sense conceptually as a single period.)
- new2628 7y ago
  Not sure, what to take away from this list of numbers. From 2000 to 2010 I see a lost decade, with the index back where it started. You added the note "beating the high of ...". why not add two years afterwards "beating the low of ...", etc.
  - thaumasiotes 7y ago
    I added the note to October 2006 because that was the only reason I included it in the list at all. It wasn't a high point or a low point, just the middle of a long rise. March 2009 is a low point.

nguoi 7y ago

Because that recession might turn into another Nikkei