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No, I’m not that idiot. I’m one of the idiot’s who’s been adding value to his portfolio shorting quality equities that idiots like you have been buying and/or holding.
When the market says its hit bottom, I’ll be back on the other side of the trade. Until then, I’ll short every company I can at every opportunity I see and have no regrets about it.
Good luck with all your trades.
for Christs sake not ALL companies are having trouble.
Anyone 45 or younger should be ecstatic right now. when in your life could you ever buy stocks in solid companies at such a bargain? If I was in my late twenties or early thirties, I would literally be sinking ALL my money into the market right now.
Dr. Ernie Goss, director of dept of Economics, Creighton University,
"If you bought stocks today, and the market returns to it's peak in three years, your rate of return would be upwards 50%. If if falls another 1000 points tomorrow, and still rose back to year ago levels that rate of return would be upwards 60%...."
Now maybe it won't get back to 14,000 in three years, but even if it gets back 11,000 or so, that's a very nice rate of return that things like Gold and bonds simply have no hope of every equaling over that same time.