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Almost everyone lost out, and so they are down from the peak, so the bargains are neutral, or rather, they don't have the excess cash for them. Very few had the
by jariel 7y ago
Almost everyone lost out, and so they are down from the peak, so the bargains are neutral, or rather, they don't have the excess cash for them. Very few had the wherewithal to time it right.
But culturally, the business world has an innate paternalistic industriousness. They want to 'get things moving' on a much deeper level.
Musk is saying what most business leaders are thinking, right or wrong.
- perl4ever 7y agoThe Nasdaq is up for the year. Everybody panicked around March 13th, and the market bottom appears to have been within a week of that. It's been nearly straight up from there. I don't know if Wall Street was right yet, but that was its verdict. Now, it's true that my IRA is down a little, but I'm not really "the investor class". You say "very few had the wherewithal to time it right", but I'd question that, because all it took, in principle, was doing nothing. Not possible for everyone who's unemployed, for instance, but not something that takes large amounts of brains or capital.
- ac29 7y ago> Almost everyone lost out Yeah, this just isnt true. Every dollar put into the market a year ago has increased in value (broadly speaking, individual investments obviously vary). Being "down from the peak" doesnt matter, what matters is where you are compared to cash (aka, not investing).