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Again: > There will be pain because there's always pain to come with the mind bogglingly good times? There was never anything interesting about being able to
by BoorishBears 4y ago
Again:
> There will be pain because there's always pain to come with the mind bogglingly good times?
There was never anything interesting about being able to call out a 2008 or a 2000 because every single year in between them someone was always saying this was going to be the year of "tulip mania come roost".
People would see dips in 2010 and point to them as obvious proof that 2008 was just the tip of the iceberg, and they had about as much to go on as you would if you weren't able to pull up a graph of the years that follow today.
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What makes it interesting (read: worth saying out loud) is if you can put your money where your mouth was and actually bet something, then win on that bet.
But saying stuff like "Pain inflicted during that time will not be fun"... well duh? You're telling me that a correction after the market rallies 400% in a decade that included a world-shifting global pandemic is going to be painful?
I don't know, I guess I just get rubbed the wrong way by broad gesturing with nothing being put down on it when it comes after a period that has literally been defined by the same.
The last decade has been so much of it in fact, that at this point even another "1970s or slightly worse" wouldn't cover the losses we've been promised.
- AviationAtom 4y agoI believe you're saying such because I don't have the "creds" to claim it. The people with creds feel the same way. If Morgan Stanley feels a bigger downturn is looming then they more than likely are putting their money where their mouth is. https://www.yahoo.com/now/morgan-stanley-michael-wilson-says-091415896.html https://www.yahoo.com/now/morgan-stanley-michael-wilson-says...