But no, I was not on FR during that time. I remember someone telling me that my car wouldn't start because of y2k. Sheesh....it's much like the global warming fear that governments are promoting for tax collection purposes.
Hey, can you give some roadmap markers for the next 5-6 years? ; ) I'm all ears and eyes.
Didn’t fall for y2k eh? Yeah, I hear that a lot. I even try to convince myself I didn’t fall for it sometimes.
People later, will claim that in this dark time, they didn’t sell out, or think the world was ending either. Oh yeah, and if I’d have had some cash, I would have bought at the market lows...yada, yada, yada.
Baby, and you don’t have a good enough crowbar to have removed folks from MSFT at the top, KKD at the top, or SBUX at any of their tops. People are fools, and they are fooled almost all the time.
The market from here is going to spike higher, it will be jaw dropping. Duh, just like what happens after ALL market crashes. Then, we’ll get warm and fuzzy, everything will be fine, and right when EVERYONE thinks things are better, watch out. We’ll crash to bits even faster than this time, and the new fear will be better than the last time. People might just get really freaked out, bad. And then, just when all hope is lost, and everyone is literally on their last breath, last dollar, BAM, straight up again, and then we’ll have relatively smooth sailing for a good while.
That is how I see it, and I’m going to be very decisive about it. The big nasty downspike will be as inflation runs away from us, just like Bernanke has been muttering about. Bernanke is smart, and currently honest. Listen to him.