Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Sphar who wrote (377)	2/5/1999 2:10:00 PM
From: Sun Tzu	Respond to of 10551

Today after an incredible 18 year bull run counting from Aug 1982, the DOW is encroaching on 10,000 and a cheap car costs about $10K. Very well put, but it needs more in the perspective side. The reason for this was that between 1966 and 1982, in real terms, the Dow lost 80% of its value. The bonds did even worse. The comodities did great. Investors are always fighting the last battle. In the long run, everything stays flat because that is how the nature operates. The implication here is that you should either not be the long term investor and position trade (or at least position invest), or that you'd better do a lot of homework before you commit to the "long term" philosophy. Make sure you are doing it for yourown reasons and not for Peter Lynch, Buffet, and mutual fund industry's reasons. Sun Tzu P.S. You are also very right about the fuzzy tea leaves. My guess is that after underperforming for the last 30 years, it is now the bond's turn to outperform the stocks for the next 20 years or so. This does not mean that there will not be sell offs in the bonds of course.