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I guess I do not remember all of the details since at the time I had about half of my portfolio in cash. Even so the magnitude of the downturn was more than I expected and I waited until the following Summer before re-investing.
Hopefully more have learned that volatility is natural and trying to time it can be a problem. At this point quite a few retail investors probably gave up 3-8 percent in return the last few weeks plus.
What I see now is staged volatility. Wait until USA entitlement reform becomes front-page news after the elections. Most people will recognize that the digital welfare had to end 1st; only then can you justify 'reforming' the rest of the populace.
Thought of the Day: Do you really think the FED/USGovt pumped up the stock market so Big Business/FIRE/learned shoeshine investors' can act like 'Unsophisticated Savers'?
What I see now is staged volatility. Wait until USA entitlement reform becomes front-page news after the elections. Most people will recognize that the digital welfare had to end 1st; only then can you justify 'reforming' the rest of the populace.
Thought of the Day: Do you really think the FED/USGovt pumped up the stock market so Big Business/FIRE/learned shoeshine investors' can act like 'Unsophisticated Savers'?
If you keep kicking the can on the fallout you will be correct eventually
^^I'm just an armchair economist. IMHO, you guys' should be more concerned about the reality of the situation. Bernanke said it ends ~March 2014; you were given an extra year, enjoy it while it lasts.
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