This market is a mess and I basically got out of it back in early October after earlier sell offs in mid-September. Glad I'm out, but I can't believe all the rhetoric going around telling people to keep their money in this game. Maybe it's just me, but hasn't anyone looked at the times when the market has tanked badly, it usually takes about 2 or 3 years to hit bottom? At least that's what I see. Until it turns into a long term market again, I'm staying out.
Transcript:
Title: Market Analysis
Big: The stock market is a great long term investment even when it's going down...
Big: You have to look at it from a historical perspective and not day to day.
Big: Look at this stock's low price. You can't sell it now. How much lower do you think it can go?
Victor: Try Zero! Then Buffet walks away with the preferred stock and reissues the regular stock...
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