LAZ:
You contend that you will make money in ANY market. Presumably, that is because you are arrogant enough to believe that 99% of the population is stupider than you. I may be arrogant, cocky, conceited, whatever.... But, I'm humble enough to believe that I will get killed just as much as anyone else in a market that gets killed .
In fact, until proven otherwise, my belief is that microcaps will get killed at a substantially greater rate than non microcaps. And, the experts agree. The argument is that microcaps (on average) constantly need money. When capital (or liquiidity) dries up - as it inevitably does in a recession, microcaps get hurt a lot more than GE!
Whether SOMEONE can make it being 100% long in microcaps if the markets get obliterated is highly questionable. But, even if that SOMEONE exists, they don't exist owning a diversified portfolio of 50 stocks. They only exist (if they are lucky) owning a handful OR having almost all their stocks in one sector that happens to buck the trend - such as (MAYBE) oils or metals or bird flu - or short positions.
Whether the markets collapse or not is another issue entirely. However, you thumb your nose at the markets because you think you are smarter and better. I don't believe it.
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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