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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: BGR who wrote (65898)10/1/1999 9:26:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
34 years is a long time...i guess you can afford to take a long term view in that case. probably the best way to play this with index funds would be continuous dollar cost averaging.

btw, i'm actually not as negative as i sound...i do believe that in the very long term enormous advances lie ahead and the markets partly reflect that already. however, right now i'm not comfortable with the market as i see it's internal deterioration as a grave warning sign. the economy hasn't had a recession for such a long time now (i don't even count the 1990 dip) that excesses, instead of being corrected, have just piled up. there are numerous signs of malinvestment cropping up, from the urge to build one sports stadium to the next to the erection of luxury mansions as far as the eye can see, etc. and of course it's all based on credit and stock market gains.

still, with a 34 year horizon, i wouldn't worry at all.
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