Armageddon as an excuse

[hellosailor]

"this is when those seasoned investors start to pick up the good deals..."
Could be, but if you compare the drops in 87/88, we could easily see the market at 8000 before it begins a five-year recovery climb. This might be a good time for select investments--ignoring the bankruptcies to come--or, it might be 25% higher than the market will be by spring.

The odds are better in Vegas. Not to mention, in Vega you can get comped for your room and drinks. Your broker doesn't do THAT for you, does he?

[xort]

The 'big' drop Tuesday was only the 17th largest percentage drop in market history.
Is the glass half empty or half full? Depends on whether panic sets in.

[lbdavis]

Originally Posted by hellosailor

"this is when those seasoned investors start to pick up the good deals..."

The odds are better in Vegas.

Oh, thanks a lot, hellosailor... Now I don't know whether to take all my money and go to Vegas or take that cruise.

...god, i love vegas.

[ronspiker]

Well I don't consider this Armageddon but I do think that the plan is applicable if a major war starts. Get as far south as possible. The Southern Hemisphere will escape a lot of the stupidity that will engulf the US, Europe, and the Middle East.

[knothead]

I love this video. And the song ain't half bad either.

[Alexeip]

Originally Posted by hellosailor

The odds are better in Vegas. Not to mention, in Vega you can get comped for your room and drinks. Your broker doesn't do THAT for you, does he?

Ummm...... no.

Unless you mean the odds are better if you are THE HOUSE in Vegas.

There is not a single 10 year period where you wouldn't have made a profit by keeping your money in the stock market (even the one that ended in 1929). The trick to it is just what that Buffett quote said: don't panic. DON'T sell during a big downturn, because you can only lose money doing that (that doesn't mean keep your money in a crappy stock, obviously).

Sheesh. The world's not ending, people. Calm down.