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Why is betting on that now insane? Are you saying that you don't think the market will reach, and exceed, the present level in 10 to 20 years? I don't think it'
by NDizzle 6y ago
Why is betting on that now insane? Are you saying that you don't think the market will reach, and exceed, the present level in 10 to 20 years? I don't think it's insane... I don't want to put words in the parent poster's mouth, but I bet they will keep buying through any additional dips that happen between now and the "main wave".
- Spooky23 6y agoDisasters don’t always happen in a snap. We’re in the middle of a slow motion disaster, any anything can happen. Literally. POTUS could wake up tomorrow and say anything and do almost anything. That rolling of the dice problem with a very serious economic disaster makes it exponentially more dangerous in this phase. We’re probably closer to a depression that we have been since 1929, and that depression didn’t bottom out until 1932. Also my assumption is that folks in a public forum are middle class people with retirement funds and some home equity. Gambling with your retirement or the kids college savings is dumb. If you’re sitting on a few million liquid bucks or are very young, your situation is different.
- MiroF 6y ago> We’re probably closer to a depression that we have been since 1929, and that depression didn’t bottom out until 1932. And even in the great depression GDP rebounded within 10 years and had grown substantially by 20 years.