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That thread should be reopened. "Anymore" - as of Friday - is the operative word. How long, realistically, do we expect that to last - a week, maybe?
That thread should not have been closed. The market has always had "down" days - just as it has always had "up" days. Volatility is what sparked that thread. Volatlity isn't going away - not this year.
What purpose does this type of post serve? Self serving ...useless post/.
what it means is as you accumulate more and more ,as i always point out , what scares people or keeps them up at night is not percentage changes but dollar changes .
when normal working class people see changes up or down that represent huge money factors in their lives that they can relate to , the effects are very different then the percentages indicate they may be .
if you are first starting out a 7% drop may represent very little to you in dollars or even 401k contributions . but today a 7% drop represents 9 years of maxing out my 401k at catch up . so while we love the up markets , when you have full fuel tanks down the road and see a years salary go up or down before your eyes it can have a whole different meaning
what it means is as you accumulate more and more ,as i always point out , what scares people or keeps them up at night is not percentage changes but dollar changes .
when normal working class people see changes up or down that represent huge money factors in their lives that they can relate to , the effects are very different then the percentages indicate they may be .
if you are first starting out a 7% drop may represent very little to you in dollars or even 401k contributions . but today a 7% drop represents 9 years of maxing out my 401k at catch up . so while we love the up markets , when you have full fuel tanks down the road and see a years salary go up or down before your eyes it can have a whole different meaning
This thread is in response to a whimsical challenge in the "market is going straight up/down" threads, to find middle ground between Cassandra and Pollyanna. Perhaps instead we ought to invoke Pangloss? He would have said, that this is the best of all possible markets. That of course is quite different, from regarding it as an excellent market, or the ideal sort of market for which we could conceivably wish.
I propose to retain this thread as a sort of diary of market gyrations; uninteresting, perhaps - but tenacious. Where will the market be in 10 or 20 or 30 years, when some of us would have become "eternal members"? When Jeremy Siegel first wrote "Stocks for the Long Run", I was a young man, just then just recently started in investment. Nearly a quarter century later, Jeremy has been warning us about a correction. He was right! But his overarching advice holds... for the long run.
My only request for this thread: please, no cartoons from the Taft administration - or vague exhortations about Chinese bonds.
i would say over 30 years we will be the same as all the other 117 rolling 30 year periods to date , right within the same 1-2% of each other as always . about 8-10% average
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Self serving ...useless post/.
The Market is going straight sideways!
