this feels like the bottom, page-61

  1. 1,355 Posts.
    Ken appreciate your comments and your optimism. You are riding a very long hard road. The facts are though is that your optiism is blinding the reality of the events unfolding. I believe you are long at higher prices and are currently in negative territory, I pray that you have the capacity to average down on the dips and do not require dividends to sustain your day to day living.

    The reality is that we are caught in a 1929-34 vis-a-vis 1974-1982 type bear market and buying low and selling high is the order of the day. If you look at charts you will notice if you keep up with highs and lows is that they average +27% up and +22% down. If you catch these correctly you can make 30%+ on the up and down.

    Those that get caught each time will keep averaging up instead of down and will wear out their capital.

    Good Luck, I feel we are in a new correction of 10%+ ahead.
 
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