Yeah to me this falls into one of those be careful what you wish for messages…
I posted recently on that theme, be careful what you wish for and the feedback to me was that everyone was pretty happy with “a much needed adjustment”. There were a few “I will be okay” posts and the “I am positioned well” thoughts. There were also a couple “bring it ons”, and of course there was one or two, “I am okay with x% unemployment.” I guess I am okay with those rather minor events. Hey I have a job, (actually two of them) I have a few hundred k in cds and such, have all my ducks lined up right? I have my rental properties and I currently rent so I am good. What do I have to worry about right?
However when very intelligent people start posing more anarchistic scenarios, frankly it scares the crap out of me. Thinking that everything can go to crap around me and I will be just fine is foolhearty… Yeah like I will just walk to my banks and withdraw all my cash because I outsmarted everyone.
This article points out that isn’t how it works if the worst case does happen. I think some of those that are hoping for a downturn, (like myself) are doing so with a hell of alot more trepidation then bravado.
