Yup, still haven't hit capitulation yet. It will happen sometime - no idea.. My guess is we go below the lows after 9/11 - watch out. that to me is the line in the sand.
Also, for the comments on the market. Can't remember where I saw it but I think the philosophy on the 16 year bear/bull cycle is instructive i.e. the markets goes in 16 year stretches of bear then back to bull. If the last bull market was from the mid-80's until march of 2001 then the bear market is in year 7 or so - the market really hasn't done anything but move sideways over the last 7 years even though it hit 14K. Then there is about 7-8 more years of essentially sideways trading. Could be off but seems pretty interesting to think about.'
For me who has 30+ years to retirement. It sucks to see investments go down but they'll go back up.
Established in 1995,
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