Originally Posted by
demon llama
It is funny to see the right wing tell me how good it is that the stock market is tanking.
6 months ago it was a different story.
At least be consistent (royal you, I have no idea what you're story is)
And it tanked after 9/11 for 56 days. What time frame are we looking at? Pull up every correction since .com bust. Sure NASDAQ took a decade, but everything else just goes up. People don’t have pensions, anyone remotely considering retirement is buying a business, equities or real estate. Companies and real estate is still expensive, that leaves equities.
What direction can the market move when people start piling in at 5000? Sure the hedges finally made money on a short position, but they’ll be the ones buying at the top after retail, State Street, Blackrock and Vanguard kick it back up to 6000.
DYODD
I’m actually considering leverage if we go below 5000. Buy wonderful companies at a discount.