<<Dear Ken: I dont know why you would make such a statement?? History shows (there is an article on this analyzing every major tragic event from Pearl Harbor forward out this weekend) that in general markets recover very nicely. JDN>>
John, it is very difficult to have any kind of a serious discussion with you, as you has always used this board (as far back as I can remember) to vent your feelings, angers and frustrations ... and you almost never listen or learn anything from what others have to offer, unless of course, they agree with you. It is much better to converse with you by personal e-mail where you act more like the adult I know you are.
Two things.
(1) I will answer your question. While it is generally true since WWII that equity markets have moved to positive values in the following 3, 6 and 12 months after major 'shock' events, I am not concerned with 3 months from now. I am focused on what happens in the next 4 to 6 weeks.
Not that we have ever had a bubble burst any where near the size of the 1997 to 2000 equity event. And not even Pearl Harbor compares to September 11 as an emotional shock to our nation.
(2) I challenge you to do an SI search on my posts back to January, 2000 (when I basically liquidated my position in SUNW) and read some of them. You will see, aside from the sometimes stupid and rude posts I have made, that as far as investing is concerned, I have not been wrong to any significant degree. That is why my portfolio improved by 12 % from September 10 through September 21, and also why, overall, I am much further ahead now than I was on December 31, 1999.
Ken Wilson |
