Larry, the X ers don't matter to the market,anymore than they did to the housing boom of the early 80's.just not enough of them to matter. Even though I believe they are more astute and wiser than generations before them.
"Also it seems that most of us don't care about a crash anymore. We know that in the long run (say 30 years), to invest in the stock market eventually is going to significantly outperforming anything else."
Including me, I am not scared,anymore,thats what scares me. Well, blindfolded on a cliff,and I would not be afriad.
Your are right about valuations,they mean very little on the upside,but a whole heckuva lot if this party slows down or stops.
Selling short in a mania is like doubting the future,its better to see t,and acknowledge it.
There is no potential for a crash,but huge potential for a prolonged bear market is inflation heats up,and causes some of us to withdraw capital slowly.
Who knows,the lack of fear scares me,is that an oxymoronic view?
Hiram |
