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otcbargains

10/15/09 8:36 PM

#28687 RE: dickmilde #28686

I dont think they are nutjobs. I think they are ahead of their time. Many of the "nutjobs" said things along the lines of, "sure if you pump enough trillions in you may be able to create a rally but it will only make it worse in the long run". I think that is what we have witnessed but maybe everything I think I know is wrong and our future is milk and honey and Keynes is our savior. Some things are more important than my own personal balance sheet.
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lentinman

10/16/09 11:12 PM

#28703 RE: dickmilde #28686

Dick:

No offense, but that's ridiculous. You can bet pretty much whatever you have that every single bear was a bear when the Market was at all-time highs (Dow 14,000). So what if they missed a gain from 6,400 to 10,000 if they also missed the biggest drop in market history (from 14,000 to 6,400). The DOW is still down 29% from the highs.

As for me, I've been out of the market for 4 years now (10,800 on the DOW). I'm still ahead and will be ahead the rest of my life IMO because by the time I go back in, the DOW will be wayyyy south of 5,000 on a dollar adjusted basis.

Len