let me bring up a contrarian view....
i think there are way too many bears running wild and the prediction for a meltdown is way overdone. i just think that intrinsically, most people with retirement accounts will continue to invest in the equities market. i just don't see a melt-down. i can see a real correction and some fear being instilled in this market, which is good, but a bk, i don't see it.
go ask all your friends and see if and when they're going to run out...i don't think many are running out...mine aren't...so they're either smarter or dumber, but i think the overall sentiment is that yes, we will correct, but if the horizon is 20 years,,,so be it.
i think this drift down will get rid of some dead wood traders out there and instill respect in some of them..so that'll be good. this mania needs a kick in the groin and i think it's getting it.
of course,,,after this diatribe,,,we can have that BK now...-g- |
