Re:Global economy is probably in recession
by orthecreedence on Friday August 09, 2019 @01:25PM
(#20656449)
^ This is the exact kind of message that makes me want to pull out of the market. Although, I already did a few weeks back when the S&P did a head and shoulders (which turned out to be a false positive, apparently). Still not rushing to put any more money in the market, though.
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Re:Global economy is probably in recession
by bduerst on Friday August 09, 2019 @01:46PM
(#20656661)
Yep. "There hasn't been a better time to buy a home" was pitched to me back in 2008.
Re:Global economy is probably in recession
by whatshisface on Friday August 09, 2019 @01:29PM
(#20656483)
The message that the stock market trends upwards except for random movements that retail investors can't predict was as true last year as it is today.
Re:Global economy is probably in recession
by msmerberry on Friday August 09, 2019 @02:01PM
(#20656830)
Definitely came to mind when reading that. I was a Ford brat, and the husband and I bought when stock was down around the $2 mark. We've made a considerable amount.
I just finished reading a book about the life of Laura Ingalls Wilder, who lived through something like 6 different depressions. Given the historic rates of inflation, innovation, and globalization, I don't really think the stock market is a bad bet IF you're willing and able to play the long game. The 20-30 years game. Get more conservative as you get older. Yes, still possible to get screwed, but it's one of many ways to keep options open.
Sounds like you're selling when it's low and buying when it's high.
Re:Global economy is probably in recession
by orthecreedence on Friday August 09, 2019 @07:48PM
(#20659159)
I sold at the height of the right-hand shoulder. So if I stayed in, I'd actually be worse-off now.