[Chi-Town]

Originally Posted by valuemkt

I asked the original poster back in june what was his / her point about their declarative statement of the stock market being off the rails. The S+P 500 closed at 3230.78 on 12/31/2019. The month of March brought in the COVID panic, and on March 23, the S+P closed at 2237.40. On 6/5/2020, the day of the original post, the S+P 500 closed at 3193.93, retracing most, but not all of its "COVID" losses. The original post mentioned nothing of the nearly 50% decline. So did that qualify as the market being off the rails ? Yesterday, the market closed at 3585.15, making a YTD gain of nearly 11%. Very good, but off the rails ? More to the point.. did you keep with your investment strategy through the year, or buy high and panic sell low ? Did you buy the dip ? If you thought the market was off the rails on 6/5, then you must think it is bat $H*t crazy today. So then why not sell into the rally, and build yourself another year of retirement cash ? That will protect you from the next major dip. Last point, please do not canonize Alan Greenspan, who is best known for his irrational exuberance comment. A closer look to his tenure will lead you to the conclusion that his ignorance as Fed chairman was one of the major causes of the Financial / mortgage crises of the early 2000's. In today's terms, he would be duly categorized as a RINO, or worse.. a topic beyond this post's scope

Where is the original poster? He can provide an update to his current thoughts.