Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
Originally Posted by Botnst
Several of you geniuses have been prognosticating the collapse of the US stock market for several years, during which time my S&P-based mutual has done rather nicely as have my Russell-based and my bond fund. Though the bond fund has been dragging its feet lately. But I'm in for the long-term and don't move stuff around but once per year, max.
Concerning the impending collapse, you will be right eventually.
Timing is everything.
Well, I certainly thought it would be down by now, but I've never used the term "collapse". In fact, I'm buying long now instead of shorting everything. I think the market is looking for a restoration of sanity in this country after six years of total fucking craziness.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address