Hi Trademike_1999, I figure, at the bottom, the following must be true ... and they are current not yet all true:
The allocation must be equity heavy, tech focused, cash and precious metal light, and margin pressing.
The credit cards must limit up, SUV new, and bank accounts limit down.
The home must be newly renovated, mortgage freshly refinanced, and home equity squandered.
The portfolio monitor must be painted red, the color of blood.
The denial must be strong, pain exquisite, fear genuine, and recrimination rabid.
The regret must be total, repentance genuine, and remorse absolute.
The dream of effortless gain must fade, hopes for V shapes dim, and panic overwhelming.
The realization for “it is not too late to sell” must be pervasive, before 1998 gains are no more.
The mind must once more focus on honest employment, strong work ethic, and retirement savings.
In a sentence, there must be an all pervasive fear of doom, and Jay speaks no more of watch collecting.
On a lighter note, some interesting weekend reading ...
economist.com
economist.com
Chugs, Jay |
