[quote=temeculaguy][quote=scaredycat]take alook at those grpahs from the depression. right after the crash in 1929 there was a pretty steep rebound. bear traps suck you back in. the old way of doing business is over. the consumers are not going to consume oour way out of it. there will be profits in the future, but it wont be the way it happened before. the dow will hit 5,000 within the next 30 months.[/quote]
I’ll take that wager, but 30 months is a long time to wait, make a 12 month guess so we can at least tease each other sooner. If everything happened exactly like it has in the past, then there wouldn’t be any sport in it. I think the classic bear trap was March 2009, the one I put my foot in and failed to put my money in because I was scared. If you are scared, buy a dog.
Flu, 6x, was HOV (hovnanian homes)in March it was 51 cents. Broke 3 bucks lately, probably will go 7x soon. But then again buying a homebuilder stock during the worst economic disaster is stupid, right? I wish I was more stupid sometimes.[/quote]
My financial advisor once said bull markets make dumb people look smart, bear markets make smart people look dumb.
