Hi OJ-- long time no talk
I can see that you've been talking to your maid again:)
Unlike Mohan--as you know, I tend to be in the bullish camp
All that you have written about about how great this bull market has been is dead-on. What one must not lose sight of however, is that when bear markets come into being, the devastation is beyond belief. Both you and I survived 1987--but look at bear markets in Japan, SE Asia, and the US in 1973-74 and see what can happen. Do you know that in Japan, a full 90% of the people who were invested in mutual funds in 1989, had exited the markets as of this year.
I am not saying that this is where we are today in the US--but it pays to be aware that nothing goes up for ever--whether we are talking stocks, gold, real-estate, etc.
So control your exuberance because if it gets too irrational, AG will control it for you:)
Have a good weekend |
