Quote:
Originally posted by goBigtime
The late 90's brought on a lot of "firsts" for the stock market, what other times other than obvious (Black Friday - 1929) has the stock market had as much gain as we have had (or anywhere near), followed by almost the same loss during a few years time span?
There isn't a historical financial scenario that compares to what we have just went through, what we are still going through for that matter.
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You already answered it. 1929.
It's not a first if it's happened before.
*shrugs*
The names change, the prices change, the fundamental theory that the stock market as a whole always goes up given the right timeframe does not as does the concept of not putting money you need in a few years or less into the stock market because no one knows when it will crash.
People can chase their tails in the dark trying to time the market bottoms and market highs if they want. Matters not to me.
