I sure won’t make fun of you, vrudny, for betting heavily on the market going down. Let’s face it, no one here actually knows with any certainty which way the market is going. I don’t. It’s tough to find yourself depending on the vagaries of the stock market, either up or down.
I avoided the stock market almost completely until 1 3/4 years ago. Now I am probably 2/3 – 3/4 invested in it. Recent increases have helped me sleep better at night, but every day I think about how fragile that gain is. (I invested in a diverse group of dividend-paying stocks, and try to stick to measuring my success by the income they generate, not the market value gains, but it still feels all very fragile.)
I’m still rooting for a huge recession, preferably focused on So Cal, so that I can use my (money market) savings to buy a decent place for me to live at a halfway reasonable price. Yeah, it’ll murder my stocks, but I’m sick and tired of looking at home prices that are ridiculous.
