dirtywick
Penultimate Amazing
- Joined
- Sep 12, 2006
- Messages
- 10,365
If these were normal times, I'd say that's sage advice. However, no one can predict the bottom with any degree of confidence. If I had a fifty-year timespan for my investments, I might consider buying on each dip. Historically, that's safe. But one must be prepared to wait. And there's also the possibility that all these machinations are a form of market manipulation by insiders who know what tRump will do (or who can convince him to do things). If so, then the insiders have already made their moves, and they will be the only long-term winners.
i agree. this collapse isn’t due to external short term circumstances, like covid for example. it’s poor economic and foreign policy, with potential long term circumstances. there’s no telling where it ends, and no telling if the us can return from it all. for example, what if it ends up parts of the world take yuan as a reserve currency? what if the us stock market isn’t the only major market for investment at the end?
