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You wrote:
> Good enough for me as well. I'm not sure why we get hung up
> on goofy time frames. A healthy percentage of the human race
> dumped money into the market between 1994 and 1998. I wonder
> how many are still long from 1932 (and, at this point, why
> they would care anyway). I would imagine that bear markets
> aren't all that significant to those with an =extended= time
> horizon.
You've touched on one of my gripes about how investment pundits are
conditioning the public to respond in particular ways to market
downturns or the overall "Bull Market" trend. Sure, investing for
the long-term is a conservative approach that has been profitable in
the past, but this assumes (a BIG assumption) that the market will
always provide these returns and that the market outlook is
appropriate to *your* timeframe (not some vague concept of "long
term").
As you say... how many investors from 1932 are still around?
- Hacker
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Dark Hacker | Fortress Of Computation
mail: hacker@xxxxxxxxxxxxxxx | web:
http://www.computation.com/pub/hacker/
Investment and Market Outlook:
http://www.computation.com/pub/hacker/Investment/index.html
Bishop Protein Analytics:
http://www.computation.com/pub/hacker/Bishop/index.html
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