What is important here is where we are heading. My original point was and still is, sitting it out in cash for a few years is the only sane course of action for those who do not wish to assume lots of risk for potentially lots of reward.
Exactly. I cashed out at the top of the tech bubble. I've stayed out of the market since then except for a few speculative investments in gold and leveraged inverse funds (financials, RE and consumer services.)
We live in historic times. The largest credit bubble in history is in the process of deflating. Why on earth would anyone want to be on the long side of that mess?
The trend is deflationary and very soon even the Fed won't be able to stimulate the markets anymore. The only winners in this scenario are folks with cash available to buy up assets at fire sale prices.
And if I recall, one of the reasons why you are working in the public sector as an employee is because you got axed by a private company when the bubble bursted..And obviously what money you made in the stock market wasn't enough such that you still work as an employee at a job. Did you also say the tech bubbles did a disservice at one point and that you said you actually lost money in the markets too?
