LOL...could be two weeks...could be five years.
Back in October '87, I was working for EF Hutton. I learned a lot from that experience.
Biggest lesson? Strive to reach old age without becoming a bitter old man, i.e. stewing over missed opportunities, crappy jobs, crappy bosses. I'm getting there, but my wife has 100% recall of every mistake I've made since we met.
Grandchildren really help in keeping spirits up, as do my children.
I remember the that like it was yesterday Guys were so leveraged they wound up with nothing. One guy I worked with was sleeping in his car in the parking structure.
That’s for sure. Never catch a falling knife. Let the dead cat bounce. And once oil does hit bottom it could sit there for a good long time.
I remember October ‘87. That one day 500 point drop was 20% of the Dow’s value. Sucked if you were on margin that day.