Quote:
Originally posted by Frank W
I guess, you're saying that the people with liquidity who bought in right after the 1929 crash got richer? Sure, if you bailed out right after the spike since the market kept tanking until well into the 30's.
As for your challenge of finding a prolonged 15 year decline, you know the answer to this, there isn't one. But this really puts focus on your definition of "temporary" -- while the 8 year decline between 73 and 81 maybe "temporary" it sure felt "permanent " to the poor folks who lost their jobs and investment.
The point of the post is the impact market stagnation/decline will have on the general economy and our bottomline--people's willingness, if not ability, to pay for porn.
Sure, as an investment mechanism there are probably some choice spikes you can ride to make a quick profit. But better exit quickly cuz the ride is pointing downwards.
Some people will always make money on the market--e.g. short selling. For the broader market, however, it is historically way overvalued and I wouldn't be surprised if the Dow hits 5000 within 3-5 years to coincide with a real estate bubble crash 
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The only way anyone lost money between 73 and 81 is to take their money out of the market and put it under their mattresses... if they would have left it until 2000 what would they have had???
Jobs are different -- I'll give you that.
I was sure that the point of this post was in regard to peoples willingness (not so sure about ability) to pay for porn, but that wasn't clear in the first post.
The first post seemed to talk about the market and where it is going -- porn isn't always talked about here...
My point is that the long term ride (20-30+) never points downward... you know and I know that's true.
The only people that should be heavily invested in stocks are those in their 20's, 30's, and MAYBE early 40's and unfortunately most in that group are holdovers from the 20%-30% annual returns from the 90's and now that they are not getting them and actually are losing a bit they are yanking funds.
My point is that is a mistake -- but I guess only time will tell.