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Cap'n ... I realize there are good reasons to be wary of an overextended market, but you act like you seriously want (almost gleefully so) the market to crash. If you have missed out on the run-up and are resentful about that, then you have my condolences, BUT the constant droning of doom & gloom by market bears quickly becomes not much more than annoying noise after a while - blah, blah, blah, blah. Of course, market bears will eventually be right ... the market is cyclical and a broken clock is correct two times per day ... but, that does not make them necessarily prescient when it finally does happen. I have enjoyed the run-up of the market very much and have made sure that my portfolio is highly diversified and includes a substantial investment in physical gold and silver. I do not wish to see the market crash and I do not understand the thinking of anyone who would ... unless they are hanging it all out there on a short ... but, even then, such widespread devastation on the financial resources of the general public would be a calamity no one should wish for. What would you have us do ... convert everything into physical gold and silver and bury it in our back yards, eh? If we had done that a few years ago, we would be MUCH poorer, today! So, forgive me if I continue to invest in the market as rationally as I can and not enthusiastically join you in breathless, hopeful anticipation of the sky falling.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence |
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