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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Math Junkie who wrote (42083)1/13/2009 4:47:38 AM
From: Skeeter Bug  Read Replies (2) of 42834
 
>>What I want to know is who are they?<<

1. those who stayed out of the insanely over valued market.
2. those who are incredibly lucky (and will likely give it all back at some point, if not more).

there is no third option. anyone smart enough to sell everything near the top was smart enough to get out of risky equities a loooooong time ago.

a couple concepts have to be taken out back and shot.

1. "the only risk is not being in the market." i heard this 3 weeks before the market meltdown in september/october. people who think like that will likely lose everything.

2. "dollar cost averaging works over the long run." not always. take a look at the 20 year chart on the nikkei and you'll notice it is down about 90%, inflation adjusted over a two decade period. anyone who dollar cost averaged into that mess is in a world of hurt.

the amazing thing to me is that 10 years if bubble market benefits can literally be wiped out in a month or two. it is stunning. just stunning.
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