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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: lifeisgood who wrote (7244)7/28/1999 6:02:00 PM
From: Ian@SI  Read Replies (1) of 15132
 
We are within a few percentage points
of all time highs not only with regard to major indices,

Look at a 60 year chart of the major indices, or at least of the S&P 500. Has your statement been untrue more often than it has been true.

Hint: 78% of the time the market goes up. That's a little better than 3:1 odds for those that stay invested.

Just like at the race track, playing the long shot doesn't provide an adequate return to compensate for the risk taken.

Ian.
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