Cabinboy seems to have a very high opinion of himself and a very low opinion of everyone else. According to him, only the professionals are capable of being right (even though almost all economists were wrong about GDP) and us stupid Piggingtons who sold our houses at the peak did so purely by chance.
It sounds like Cabinboy is a Financial Advisor who is proud of the fact that he has been in the market the last couple of months. I hope that everyone on Piggingtons has made money. I sold in May and took great profits. At least half of the stocks I sold have not returned to the price where I sold them. The other half are above where I sold them. However, when you calculate the added profit I made with half my stocks, minus the additional value of the ones that have gone up, plus the interest I have earned over the last six months, I’m about break even. Go figure.
I will admit, however, that if I had bought in August with the proceeds of my sales in May, I could have made even more money. Most people who are pointing the stupid finger, however, did not sell at the high in May and rebuy at the low. Their profit for the interim is the difference between the two (very simplified since everyone’s portfolio is different).
