Talk of The Villages Florida - View Single Post - Stock market crash
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Old 02-04-2012, 01:48 PM
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Quote:
Originally Posted by DDoug View Post
I hope I am totally wrong.
I hope so too and I think you most likely are totally wrong. I have heard some talk-show hosts, on the radio, present a doomsday senario followed by an advertisement for gold. Don't forget that talk-show hosts are super salesmen capable of selling ice cubes to an eskimo. So if you are a fan of one or more of them, and they tell you the end of the world is coming (economically), it's very likely you will be swayed.

I would suggest you don't pay any attention to it. If I had taken their pessimistic predictions seriously, I wouldn't have more than doubled my money since the market crashed. Yes, that's right, I have more than doubled my money in the market since the market crashed a few years ago. And it didn't help to have them adding to the pessimism of the day and trying to talk down the market.