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Pastimes : The Philosophical Porch

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From: Rarebird	1/14/2010 9:58:31 AM
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<<I just realized that doomsayers have the absolute worst track record of accurately predicting the future, and that man kind will continue to improve and grow- over the macro. Bumps along the way are part of the program>> Tell that to those who were bullish on the NDX when it was trading over 5000 in early 2000. Or those who have been bullish on the SPX since 2000. If your idea of a "bump along the way" is to ride the market down over 57% over a period of 18 months, then your a patsy, not a thinker or trader. There's a time to be a polyanna and a time to be a doomer and gloomer. In an era of prosperity (1982-2000), it pays to be a polyanna and buy all dips. In an era of stagnation (2000-2016/2018?), your "bump along the way" attitude is quite dangerous and a recipe for bankruptcy. I say this because money is a gift of life too. If you honestly think that what took place during the last bear was a mere "bump along the way", you aint seen nothing yet. I promise you that the next leg down scheduled to begin in late summer, will make the last bear benign in comparison.

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