That was the low point for the markets, and even today the DJIA is more than 10 times what it was a mere 28 years ago.
Might I add that October and November have, over the past century, been the best months to buy stocks? But a good month to buy stocks implies an intermediate term bottom.
Are there bumps in the road ahead? Sure. But from a decade long perspective, I have great confidence in the American economy. Pick up some shares of a quality, no-load mutual fund and put them back for the long term. Ten years from now, you'll be glad you did.
I probably shouldn't say anymore on this thread as I'm kinda new to this series of threads, but I really appreciate your comments. They add at least some balance.
The "Gold Bug" asprin doctors and the longing for a return to the gold standard and the dumping of the Federal Reserve is not a rational expectation IMHO. It's just like expecting simplification of the tax code, or it's abolition, too. It's just a complete waste of words.
I guess I should do the popular thing and not comment beings the overdose of negativity causes me irritation and just lurk. But I can't help it. I find the whole subject intriguing. Of course I sell them front loaded MF's instead of the so-called "no-load" MF's. I just get tickled pink when them "Class A Shares" occasionally roll right past the "no-loads!"
Avoiding commissionable funds is kinda like buying tires at the warehouse and putting them on yourself without gettin 'em trued, balanced or aligned. Performance potential with professional management actually can work better in many situations. Two heads are often better than one.