I walk around in stunned disbelief every day that the big correction/crash hasn`t happened yet. The US economy is running of fumes from QE/ZIRP/OPTWIST.
But as old friend used to say (who had much more experience with the market than me)..."the market is like your "willy" (I think you get the point)...it has a mind of its own. It (the market) wants what it wants and it is not rational. Your willy wants a girl (or many girls)...the market wants a return...a profit, a gain."
"The market doesn't care how (there is no ethic...no law or sin)...the market wants a profit, a return."
But like little willy...the market is stupid. The market is a collective...not a brain trust. It is a foaming at the mouth, blubbering fool."
"You can make a fortune in stocks once you come to understand the market."
"Don't underestimate it...just come to understand it."
Of course, these sages regularly stepped in dog poo and tracked it in the house.
But that is the nature of markets and dog poo.
Hang around either...and something will go wrong.
Fortunately for me...the sages I was around were great guys.
Me too, I guess people who visit FR are better informed, unlike those people who are spoon fed their news from TV, I can’t figure it out, unemployment is high, and that’s not including those who have given up looking for work, taxes have increased, pay checks have shrunk, cost of living has gone up, gas prices are rising too, groceries are getting smaller, yet everyone acts like nothing is wrong, it’s like the calm before the storm, I’m questioning my sanity, it’s as if what’s right is wrong, and what’s wrong is right, strange times!