The same people bitching about cutting spending will be the same ones asking why nothing was done when it all comes crashing down. And it is going to if we don't reverse course in a big hurry. It's just a matter of when.
I hope I never reach a point where my hatred of one person and everything that person says and does completely overrides any semblance of common sense and my own self-preservation. How miserable do you have to be?
It does appear to be a buyers' market. Only losers sell on the downside.Bought me some Tesla stock today.
Not always. From 1929 to 1932 the Dow Jones slid by more than 80%, and took until 1959 to recover to it's pre-depression levels. The Japanese market declined from 1990 to 2003, and took until last year to get back to 1990 levels. The losers in those cases were those who continued to hold, rather than sell early on the downside. At this stage we don't know if the losers in the current downturn will be those who sell on the downside, or those who hold on.It does appear to be a buyers' market. Only losers sell on the downside.
I am holding and buyingNot always. From 1929 to 1932 the Dow Jones slid by more than 80%, and took until 1959 to recover to it's pre-depression levels. The Japanese market declined from 1990 to 2003, and took until last year to get back to 1990 levels. The losers in those cases were those who continued to hold, rather than sell early on the downside. At this stage we don't know if the losers in the current downturn will be those who sell on the downside, or those who hold on.
There are always exceptions, and I don't believe that will be the case here. The Dow is currently on a 827-point bounce back.Not always. From 1929 to 1932 the Dow Jones slid by more than 80%, and took until 1959 to recover to it's pre-depression levels. The Japanese market declined from 1990 to 2003, and took until last year to get back to 1990 levels. The losers in those cases were those who continued to hold, rather than sell early on the downside. At this stage we don't know if the losers in the current downturn will be those who sell on the downside, or those who hold on.