To: CutePuppy
I think anyone thinking of jumping in ought to study and take to heart the treacherous and devastating slide of the Dow from October of 1929 into the mid thirties. There were a lot of what only later were seen as bear market rallies.
It's not really clear here , but if you look carefully you'll see some rallies on the long slow decline. Then imagine all the wise saying that we've hit bottom. That only has to happen a few times for a lot of people to lose every dime they've got.
16 posted on
03/27/2009 3:41:04 AM PDT by
Mad Dawg
(Oh Mary, conceived without sin, pray for us who have recourse to thee.)
To: Mad Dawg
Which was the best time in the history of the world to buy in. Also, we aren't shrinking the money supply by 30% this time, and world trade isn't collapsing 95%. This isn't remotely the great depression.
33 posted on
03/27/2009 8:17:48 AM PDT by
JasonC
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