Quote:
Originally Posted by BarryRX
Who cares if there is a correction. Unless you need the money in the next six months (and if you do, it probably shouldn't be in the market), then the market will correct and recover and at the end of the year you will probably be up about 8%.
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You mean like how up to last year, 2012...buying/selling the DOW...if you'd bought at the peak in 1999 (11722), you could have been forced to sell below what you paid? That's 13 years to recover. Yes it was up higher during that time, but it's also been down...a lot...do you remember 6547 in 2009? It LOST half in 10 years. Are you willing to guarantee that it'll be up in a year?
And sadly...that recovery period includes changing the index to get rid of losers. Using the original companies, would it be up? I don't know if it would.
The banks make money...and the lucky. If the Fed stops spending $90 billion a month to keep things going...to keep interest rates down...it's gonna get ugly. The fed is the guy giving a dying patient CPR...we can't pay the bills. The bills have gotten too large.