What I've never understood is why chicken little comes out when there's even a remote threat of the market crashing, "The sky is falling! The sky is falling!"
There have been doomsday prophets for centuries.
Okay, there's a massive U.S. Dollar drop. Okay, there's a Treasury bond crisis. So what?
Okay, unemployment rates skyrocket. Okay, crime rates go up. So what?
Does anyone really think, "Oh, the U.S. is done." I might feel that way about this country culturally, but certainly not financially. I look at it as opportunity. I look at it as a time to stack cash and buy in.
A LOT of people got filthy rich right after the great depression. They also got filthy rich in 2001 and in 2009 as well. Buy in when shit hits the fan and then sit back and watch the reconstruction process. What's the problem here? I'm not as market-savvy as some posters here so what am I missing?
There have been doomsday prophets for centuries.
Okay, there's a massive U.S. Dollar drop. Okay, there's a Treasury bond crisis. So what?
Okay, unemployment rates skyrocket. Okay, crime rates go up. So what?
Does anyone really think, "Oh, the U.S. is done." I might feel that way about this country culturally, but certainly not financially. I look at it as opportunity. I look at it as a time to stack cash and buy in.
A LOT of people got filthy rich right after the great depression. They also got filthy rich in 2001 and in 2009 as well. Buy in when shit hits the fan and then sit back and watch the reconstruction process. What's the problem here? I'm not as market-savvy as some posters here so what am I missing?