Earlie and Mike,
>>Like both of you, I'm of the opinion that this thing is not going to end
in tears, it is going to end in screams of anguish. To be blunt, I am
more than worried. I suspect that this one makes 1929 look like a
picnic.<<
This may seem rather extreme, but I would not be shocked if this period took some small intangible toll on my health. It's not so much that I value money for the things it can buy. I do not. I value it for the freedom it can give me to lead a simple life doing the things I enjoy. I've been investing for a little over 12 years. In that time I've done extremely well investing by working my butt off doing research and self-educating myself in areas that I thought would be helpful. I'm close to being able to say good-bye to a career in data processing that I've disliked from day one. I see that freedom and happiness threatened by the potential fallout of a major bust that I can neither time nor quantify. So my frustration goes beyond dollars, intellectual satisfaction etc... It's correlated to my imminent ecstasy or lack thereof.
It is difficult to put together an investment portfolio that one can be comfortable with while still generating returns that hard work should reward an investor with. The excesses "seem" so extraordinary and can play out so many different ways.
I consider some of these guys on Wall St., CNBS, at the Fed, etc... to be irresponsible beyond my wildest dreams. I may not be right about everything or even most things, but anyone with one ounce of brains and a similar amount of integrity should be scared shitless about what's going on. Yet some of them actually recklessly promote it via their words and actions. (a lot of which is pure BS and not just differences of opinion)
Anyway, sorry about venting. We are clearly on the same page.
Wayne |
