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Old 03-22-2009, 12:25 PM
 
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there will be sooooo much wealth spawned out of this down turn and oppertunity for those with cash and nerves....

we may even make more wealth eventually then was lost but time will tell
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Old 03-22-2009, 02:03 PM
 
Location: DC Area, for now
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Quote:
Originally Posted by mathjak107 View Post
there will be sooooo much wealth spawned out of this down turn and oppertunity for those with cash and nerves....

we may even make more wealth eventually then was lost but time will tell
Maybe.
But it took until 1954 for the stock market to reach the pre-1929 heights...

You know the caveat - past performance is no guarantee of future performance.
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Old 03-22-2009, 02:32 PM
 
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very difficult to compare because of 2 world wars, different circumstances and very few investors in the times to follow... we normally shoot up more in the first year out of a severe downturn then a decade of time back then... nothing is guaranteed but just as the crash of 1987 is barely a memory in my mind now when we fell to 1635 or so all this will one day be a faint memory too i think...

1987 looked like the world was ending.. down 25% in one day with no history of ever recovering... nothing looked bleaker back then for me.....
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Old 03-22-2009, 02:38 PM
 
Location: Forests of Maine
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We have no idea of how many wars, famines and the like will come this way in the future.

It might take 50 years to rebound. If might take less, it might take more. Nobody knows.

I think that we have not seen the bottom yet. I think that we are far from the bottom.
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Old 03-22-2009, 02:47 PM
 
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thats what makes the markets work, the differences in views , outlooks and opinions.... and with it all the markets will still do something none of us ever expected ,...

since we all have access to the same info and the general consensis is we are going to hell in a handbasket its whats not even on the radar yet that will alter the course of things to come.


just remember all the worst downturns happen from the new highs when things couldnt look better going forward,,,,, all the biggest gains come from the worst downturns when things look so bleak we are never recovering.... its always the unexpected that comes from left field that moves things big time, up or down
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Old 03-23-2009, 01:49 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,541 posts, read 39,914,033 times
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Quote:
Originally Posted by mathjak107 View Post
.... its always the unexpected that comes from left field that moves things big time, up or down
Well we certainly have that covered

It is so well covered that one can hardly imagine what news is next. More Torpedoes at the moment.

ugh
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