SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : John Pitera's Market Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Davy Crockett who wrote (15948)5/14/2014 3:38:42 PM
From: Fintas1 Recommendation

Recommended By
Davy Crockett

   of 33421
 
Like wise the collapse from late 2007 to 2009 crushed many.

Many companies are no longer existent, Many of the equities within the indexes are gone.

And trillions lost.

Pretending it's all been rosy whether 1987 or 2008 is very disingenuous.

However to present it objectively might not keep many in the game of buy buy buy.

But the sage is not the only one who re writes things a bit. Most of the salesmen pushing the not to worry were complicit back 2000 again in 2007 and here they are again. Just this AM another pundit came out with a 2000 spx for 2014. To which I would say IF that happened. AND THEN... OH that's right just sit and hold for if you do CSCO might one day get back to 34 where it was in 2007 and where I sold calls and stock. Just keep holding.

NAH. Ok DRYS will get back to 110 if ya just hold it. HMMM OK. maybe not.

Maybe GE can get back to the 59 where it was in 1995.. HMM Ok it may take a while and so what if one got flushed at 10-6. Just hold and point out it's now at 26 still down from 42 in OCT 2007.

Just buy the SPX and hold. IT's a guarantee to go up. There would be some who would argue that we are lucky it didn't collapse in 2008. Those that are honest understand near death experiences. Those in denial play with fire.

Yet why focus on facts. Just twist a bit.

Thanks for your posts Dave.

Fintas
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News