Closing in on the Greatest Crash in History ... by IWB, page-2

"worth a look/read, just for interest ...."

@dub,

Yes, these sorts of articles are interesting when you first come across them.

But once one has read a few hundred of them and one finds that very few of their perennial predictions for bad outcomes come to pass, one tens to find them of increasingly less interest value.

Sure, one year in every decade or so markets undergo a major correction in which they lose 30% or 40% of their value, but even after those gut-wrenching corrections, one would still be waaaay ahead had one been fully invested during the preceding years prior to the correction.

So the opportunity cost of acting every time you hear or read gloomy opinions is high.

For example, since the date of the articles below, the Dow and S&P have increased in value by more than 60%, and the NASDAQ by almost 90% (before dividends):




Timing markets is incredibly hard; in almost 25 years of involvement in capital markets, I've not come across anyone that has a demonstrated ability to do so on a sustainable basis.

.